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Teekay Tankers

Wednesday stocks: Dow up triple-digits, bears stuck in a short squeeze

WASHINGTON, May 25, 2016 – Just when things looked darkest on Wall Street, beleaguered bulls decided Tuesday that it was party time. Up went the averages, and impressively, too; and the rally continues Wednesday, with the Dow Jones Industrials up a nifty 140 points, give or take as of the noon hour. The broader based ...

Stocks experience Freaky Friday as bears battle bulls

WASHINGTON, May 20, 2016 – There’s really not much to report this Freaky Friday afternoon, so we’ll keep it short. We’re alluding, of course, to that already long-ago Disney flick wherein a pre-criminal Lindsay Lohan swaps souls and personalities with mom Jamie Lee Curtis. The same sort of thing seems to be happening in the ...

Disney, Macys, retail hammer lazy Wednesday markets

WASHINGTON, May 11, 2016 – Wednesday has been one of those days when the Maven actually sympathizes with the transparent hucksters, book-talkers and assorted blow-dry media types who are forced daily to blather on about this or that in order to feed that hungry and ruthless 24/7 cable TV-Internet-streaming video monster known as the “news ...

Market merry-go-round back in action on rumors and guesses

WASHINGTON, April 28, 2016 – Very short post from yours truly this morning. The Maven is trying to escape the maddening environs of the DC Metro area for a couple of days to take in a Cleveland Orchestra concert way up north in flyover country on the shores of once-again beautiful Lake Erie. Might as ...

Oil soars, but Friday stocks succumb to the blahs. Rally over?

WASHINGTON, April 8, 2016 – Both Thursday and today, the Maven has been lacking the inspiration to write really insightful stuff, although he hopes you enjoyed his extended Wednesday Pfizer-Allergan “fail” rant. Read also: Pfizer, Allergan inversion deal inverted by Treasury hacks Today the “oil production freeze” rumor mill was once again pumping more vigorously ...

Monday markets churn: Trump, oil, Fed or short squeeze?

WASHINGTON, March 7, 2016 – “Curiouser and curiouser” observed Lewis Carroll’s Alice (who had for the moment “quite forgot how to speak good English.”) Alice’s Wonderland, however, could not have been curiouser than Monday morning trading on Wall Street. Opening weakly in the red—to be expected given the extremely overbought condition of stocks last week—we ...