As of 11am yesterday morning, joeschmo_4 became the new contest leader as BTU traded above $21.25 to set a new intra-day high of $21.28. erbium_doper's guess of $21.60 is next in line. The lead will change on a trade of $21.50.
I hope $21.60 is correct short term but low long term.
the biggest driver albeit, its effect will be unknown for sometime is Chris Cristie of new jersey.
probability of a republican prez is ramping given that the dems are facing a Vietnam type event with Obamacare and likely to have Hillary who is largely unelectable as their choice to replace the current lame duck.
long term we get a huge republican premium for all the coal companies.....BTU goes back to $40
I personally think that we are in for very tough times ahead and the stock market is a dangerous place with lunacy at the helm....too much MOMO in stocks that produce nothing.....AMZN, CMG, CRM, NFLX etc. The entire market being propped by money printing politicians. A lot of money being spent on bridges to nowhere....don quixoti windmill chasers.
Very likely that obamacare is the the black swan event.5% of the population just lost it health insurance and when the obamacare ballon bursts, premiums are gonna skyrocket.... decimating the working class causing a chain of events with unknown severe effects. What little disposable income they had will be gone. Most will just accept a welfare state. Clear out........ take your cash, head for high ground otherwise you can take your chances and ask for a FEMA trailer when feds show up to save you.