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2022

JANUARY
The oil market:  when ability counts for more than dedication and will. 
Impressions are no match for Main Street, as always.
“Copper Boom Could Last Decades!”
Startling events . . . but cheerful, by and large.
General Slim’s Golden Rule . . . and Fastenal.
“Buy when there’s blood in the street” . . . as always.
Panic and financial strength:  the disease and the vaccine.
Buying, at cliff-bottom at Acapulco.

2021

JANUARY

2020

march
Silly headlines, silly market behavior . . . serious Main Street, as usual.
A dull chart versus an excited market.
What the market thinks it knows . . . but never does.
Understanding the Spectacle.
The economic problem:  the Virus itself . . . or the “abundance of caution.”
It’s All About 2 Simple Words:  “Panic” and “Temporary.”
Not different.  Not worse.
When grim news is also positive.
The actual Virus facts will be known . . . eventually.
Always the same word, eventually:  “Depression!”
When “nearly certain” becomes “absolutely certain.”
Turnaround?  Not yet.  But perhaps we’ve seen enough to be going on with, for now.
“Facts are stubborn things” and the turnaround, eventually.
3 Big Questions.  “Dim Outlines” of the Answers.
“Blood on the street” in oil means what it always does.
april
“Oil Surges 25%!” tells us nothing about tomorrow . . . but a great deal about a principle.
“Crisis” always does mean “Opportunity” . . . because of the best in people.
The fuzzy meanings of “Surging Markets!” and “Surging Money Market Funds!”
When the fashion is terror, people say odd things:  Freeport-McMoRan.
Oil:  pain for all; but pleasure too, for a few.
When bad news is also good news.
Even with a giant grain of salt, a useful message from China.
The “deep” meaning of 700 points:  “It’s not the end of the world.”
“Oil Below Zero!” The oil kings begin to follow Micron’s footsteps, from 2012.
The Big Picture
A message from Freeport: “Wade through the blood, step over the bodies . . . and buy.”
“Not the slightest idea” about 2020 . . . but Cummins does know its future.

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