Crude Oil
View From The North Country
Steve’s assessment of the current bullish and bearish factors. Also, Leuthold’s recent discussion of secular bear markets, sparked some debate among readers.
Oil And Gas Prices In Perspective
In light of the continuing move in oil prices, we thought it would be useful to update our inflation adjusted oil and gas related charts from our June publication.
View From The North Country
Continue to conclude the cyclical bull market prevails but my level of conviction is down a few notches. Also, an oil message from the market and “Don’t Be Economic Girlie Men”.
Energy Sector Strategy…..Tactical
Leuthold deactivation of two energy groups last month was a tactical move and does not represent a longer term bearish fundamental view toward the oil patch.
Answering Client Questions
Many of the questions in this month’s issue came from January client meetings in Texas.
This Is Still A Cyclical Bull Market
Still bullish on stock market, expecting cyclical bull market to extend into 2004. Very worried that any easing of tensions in Iraq or Venezuela will bring crude prices down hard and fast.
View From The North Country
Why deflation and depression are not synonymous, undemocratic suggestions for 401(k) plans and the NBA Name Game: Does Basketball’s sponsorship fare better than baseball or football?
View From The North Country
Fiscal responsibility goes out the window in Washington. Also, The Bombastic Earnings Charade: Why are companies allowed to make up their own accounting rules?
View From The North Country
Art Cashin’s Intuitive Observations regarding the altered ambiance in New York. September 19th Conference Call with Steve Leuthold and Charley Maxwell summarized.
View From The North Country
Charley Maxwell’s “Nearing The Top Of The Hubbert Curve” from August is must reading. Decimal Trading in sub-pennies? Read what Barry Small, Weeden’s CEO, has to say about this. Also, what’s so bad about the lottery?
View From The North Country
With margin debt soaring, it’s past time for the Fed to boost margin requirements. Charlie Maxwell offers unique insights on the oil patch. Rapidly deteriorating U.S./China relationship could have severe implications.
What About the Oils Now?
The last of the tactical “Oil Patch Recovery” play initiated in early 1983 has been closed out. What now? We expect oil stocks to be underperformers for at least six months. $25 crude prices would not be a surprise in 1984. And on a long-term basis, we still expect oil prices to erratically decline in real dollars for the rest of the century.
Up with The OiIs
We have increased our Oil Patch holdings by 5%, now 14% of Equity Portfolio assets. The recent spot oil price trends now seem to confirm our preliminary conclusion that crude price declines are over…..at least for a while.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
