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I find it interesting that we now have an oil glut when just a year or so ago, people were predicting $150 per barrel oil would be the new norm. How is that possible? How did no one see it coming? Oh, and now “they” are saying that there is no end in sight for […]
I found this 3-year chart for Brent Crude this morning. Brent Crude is what is used in refining gasoline. It’s brutal for oil companies, but good for consumers. Unfortunately, the price of gas at the pump doesn’t seem to reflect the full drop in the price of oil.
Brent Crude (the oil that’s used in gasoline, as I understand it), is on the rise again. This is why gas prices are moving back up again. It gets tiresome. Gas prices go up, touch a new high, then fall back down a bit to give us a false sense of relief and then start […]
This week is our church’s Vacation Bible School. This is my first year to help out. Anyway, I’m swamped in the mornings. Lots of stuff going on this week. Front page article in Monday’s WSJ stating that JP Morgan knew of the their trading risks two years ago. Interesting. Not related to personal finance but […]
Interesting chart I found on the WSJ website late last week: This chart compares Brent Crudethe oil used to make gasolineand the S&P 500. I wish I had the numbers going back further than this because it would be interesting to see the correlation over the years. I would think the correlation would be almost […]
Here are the total returns for the S&P 500, MidCap 400, SmallCap 600, and other Indexes(May 2012) For the S&P 500, this May’s -6.01% was the worst May since May 2010 when the index was down 7.99%. Other than 2010, we would have to go all the way back to 1962 to find a worse […]
Oil is down 14.65% for the month of May.
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