Burst Bubble: Energy or Speculator? – Doug Noland
Source: http://new.goldmau.com/article.php?id=445Posted on Monday, August 11th, 2008 | In Market Commentary
Contributed by: John Lee (http://goldmau.com) -
For the week, the Dow jumped 3.6% (down 11.5% y-t-d) and the S&P500 gained 2.9% (down 11.7%). The Transports surged 5.4%, increasing 2008 gains to 14.1%. The Morgan Stanley Cyclicals rose 4.0% (down 11.1%). The Morgan Stanley Consumer index jumped 4.4% (down 5.2%), and the Utilities added 1.2% (down 12.3%).
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Doug Noland, Dow 30, goldmau.com, John Lee, Market Commentary, Morgan Stanley, Morgan Stanley Cyclicals, Transports, Utilities
Doug Noland, Dow 30, goldmau.com, John Lee, Market Commentary, Morgan Stanley, Morgan Stanley Cyclicals, Transports, Utilities
 About John Lee (http://goldmau.com)
Mr. Lee runs a successful resource focused hedge fund (limited partnership). He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. Mr. Lee has a keen interest in the history of money and economics, and he previously studied under Mr. James Turk, a renowned authority on the gold market. Since 2001, Mr. Lee has researched hundreds of mining companies and personally met with dozens of management teams. He is a sought-after speaker at all major resource conferences and publisher of articles at various online news websites such as Kitco.com. |
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