Authored by Eric Peters via EricPetersAutos.com,
You can’t just sell gas anymore.
Most people don’t realize it, but what they’re pumping into their car’s tank isn’t actually gasoline, properly speaking. It’s gasoline mixed with ethanol alcohol – the ratio currently set at 10 percent ethanol and 90 percent gas (E10).
Aphoristic as usual, below we share some excerpts from the latest weekly letter to clients by Eric Peters, CIO of One River Asset Management, in which he discusses walls of worry, the real un-risk out of Europe, desperate oil investors, and North Korean geopolitics.
Authored by Lance Roberts via RealInvestmentAdvice.com,
Over the last few weeks, I have been discussing the ongoing consolidation process for the S&P 500 from the March highs. (For a review read: “Oversold Bounce Or Return Of The Bull,” and “Return Of The Bull…For Now.”) As the expected rally in stocks, and reversal in bonds, took shape as the S&P 500 was finally able to ratchet a record close at 2399.29. (Read: 10/2016 – “2400 Or Bust”)
With the 52nd Berkshire Hathaway annual meeting - dubbed the "Woodstock for Capitalists" which is "unique in corporate America, a celebration of the billionaire's image and success" - now in the history books, all that's left are the quotes and avuncular aphorisms.
By Chris at www.CapitalistExploits.at
Have you ever been to one of those embassy type parties where at the start everyone's manners are impeccable, the 5-course meal is eaten with so many different knives and forks of varying shapes and sizes that you long for a spoon (or a piece of toast), and where the conversation is so dull and boring you find yourself in deep conversation - not with the attendees but the wait staff?