Published May 20, 2022
Do you remember a couple of years ago in the height of Covid fear when the price of oil went negative? The global economy shut down. The world was suddenly awash in oil. And there was no place to store it. Nobody wanted the excess oil barrels. Holders of oil had to pay someone to take the excess off their hands – a negative oil price. Things have dramatically changed since then as the price of oil has skyrocketed to as high as $130 per barrel. (more…)
Published December 28, 2018
In January of this year, no one would have guessed it would end like this. (more…)
Published March 10, 2017
In 2015, after more than quadrupling in price in a massive bullish run, biotech stocks hit a wall. Presumably undone by some comments from then-Senator Hillary Clinton that drug prices were too high and needed to be addressed, biotech stocks began wilting. Mrs. Clinton’s comments aside, the stocks had run to a point where they were just way overvalued and due for a rest. (more…)