The Dow Jones Industrial Average is the most inaccurate and distorted of all stock indices – and yet it remains the most followed stock market index.
Anyone investing in natural gas companies is eagerly awaiting news that the liquefied natural gas (LNG) export boom is officially underway…
While we still have to wait, the good news is that last week Department of Energy Secretary Ernest Moniz told Reuters his department will go through the applications as quickly as possible. He added that he expects the Energy Department to conduct a “fair amount of action” regarding the applications this year.
This falls in step with the Obama Administration’s energy initiatives, which include a push for the development of “a global market for natural gas.”
This global natgas market will replace the current regional gas markets only if there are large exports of cheap natural gas from the U.S.
Such exports are one main reason Money Morning Global Energy Strategist Dr. Kent Moors is bullish on natural gas prices in the years ahead.
He’s also bullish about the prospects for investors in certain natural gas companies – especially ones positioning to profit from Asia’s need for LNG…
The Sea Route to Asia Paved With Riches
As pointed out by Money Morning Resource Specialist Peter Krauth, selling LNG to Asian countries such as Japan, South Korea and increasingly China will be a lucrative business in the years ahead.
Japan and South Korea are the biggest importers of LNG. Japan, in the year ending in March, imported a record 87 million tons of LNG after shutting down 48 of the country’s 50 nuclear reactors.
That is more than one-third of the world’s LNG exports of 240 million tons in 2011.
As Yogi Berra aptly put it, It’s deja vu all over again.
The Soviet gulag state is coming back and this time it could wreak havoc on the world’s energy markets.
Business has been good for the federal government when it comes to student loans.
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This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Coming off the worst week of the year, U.S. equities were mixed in the stock market today (Monday) at we kick off a big week for earnings. In mid-afternoon trading, the Dow Jones Industrial Average was down 14.19,…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Even though the United States has the highest corporate tax rate in the world, many American companies pay little or nothing in taxes – and some even get refunds. That doesn’t mean that U.S. companies necessarily cheat Uncle…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. When most corporate employees leave their jobs, it means the end of the paycheck. But many executives at the top of the corporate ranks leave with a golden parachute, enabling them to live comfortably regardless of their reasons…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Forty years ago, British economist E. F. Schumacher wrote that “Small is Beautiful” in a famous book by the same name. The vision champions market approaches that discount the importance of size to results, a philosophy that contrasted…
The stock market today (Friday) hit a high not seen in more than five years when the Dow Jones Industrial Average crossed 14,000 for the first time since October 2007.
Less than an hour into trading the Dow spiked 140 points, or 1%, to hit 14,000.97. In mid-afternoon trading, the Dow rallied further, tacking on 150 points. The move leaves the Dow around 200 points, or 2%, from its all-time high of 14,198.10.
Friday’s strong showing came on the heels of the Dow’s strongest January (up 5.8%) since 1994.
The Standard & Poor’s 500 Index, which logged its best January since 1997, added 15 points, or just shy of 1%. The Nasdaq advanced 40.
The robust rally followed a lackluster report on the job market which gave “strength to the argument that the Fed will continue its bond buying program and keep rates low, which is also a positive for the stock market,” Tom Schrader, managing director at Stifel Nicolaus told CNN Money.
That sentiment also gave bonds and precious metals a boost. Gold prices moved up $7 to $1,670. Silver added 37 cents to $31.94
A bevy of reports helped buoy markets Friday.
A Census Bureau report showed construction rose 0.9% in December, well above forecasts. The Institute for Supply Management’s monthly manufacturing index rose to 53.1 in January, ahead of the expected 50.5 read, and the University of Michigan’s sentiment index climbed to 73.8 last month, better than the expected 71.4.