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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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January 03, 2012

The New Year Begins

Tuesday Jan 3, 2012

9:00 AM CST

The markets are getting underway as we thought, which is to say up. Just looking around for something that is irrationally oversold, I see that CHK has inked a deal with French owned Total for shale gas in Ohio. 

Please read our post from Dec 28 about how nat gas is now 1/32 the price of crude oil. 

CHK

Screen shot 2012-01-03 at 9.25.51 AM

I would add this to my list of out of favor irrationally over sold stocks such as RIG and GM. 

If the overall market returns to its former highs of last year, CHK would seem likely to regain 29.5. Again, buying individual stocks is risky, BP is the perfect example of that. Well buying individual stocks is even more risky than buying an open or closed end fund representative of a particular industry. 

The Dollar and Bonds are coming off but the real rout to the downside has yet to being. Our recommendations in energy were correct. 

 

Posted at 10:26 AM in Stock Market |

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