oil stocks

COT Black Is Partially Back With A Lot of Towels

By |2019-02-06T16:23:54-05:00February 6th, 2019|Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Commodity Futures Trading Commission (CFTC) is in a bit of a tough spot. Being subject to the federal government shutdown meant shutting down the various Commitment of Traders (COT) reports for all the products listed on the exchange. There are a lot of them. Though the government and therefore the CFTC has reopened, it [...]

Intel, ADP and the Indian Enron

By |2009-01-07T18:32:44-05:00January 7th, 2009|Economy|

Several factors conspired to push the DJIA down 245 points today. First came news that Indian outsourcing giant Satyam was cooking the books (via WSJ): The chairman of one of India’s largest information technology companies admitted he concocted key financial results including a fictitious cash balance of more than $1 billion, a revelation that sent [...]