The bottom for oil prices isn’t even in sight yet
Breakfast with Benjamin: Supply and demand math could mean $10 oil. Plus: Eric Holder takes a parting shot at Wall Street, SEC filings show how hedge funds did and didn't navigate the markets, and it's hard to bet against sin stocks.
- A case is being made for why the forces of supply and demand could push the price of a barrel of oil to only a little more than double the price of a gallon of gas a few years ago. With the demand for OPEC’s oil at a 14-year low, the bottom for prices isn’t even in sight yet
- Outgoing Attorney General Eric Holder is planning a parting shot at Wall Street. He has dispatched Justice Department lawyers to flesh out any individuals that can be prosecuted for any actions leading up to the financial crisis. Your tax dollars at work. The scope even includes individuals working at firms that have already settled with the Justice Dept.
- Tuesday’s SEC filings paint a vivid picture of where hedge fund managers zigged and zagged, sometimes at the wrong time. Selling Apple early, and holding GM too long
- It probably feels really good to invest in areas that are good for the planet and its inhabitants. But if you just want to make sure you have enough money to fund retirement, think alcohol and tobacco. Unless they are completely banned, booze and smokes will always pay off
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