Im having trouble finding any good analysis on the XTO transformation in the past month. Anybody have a clue how this will play out for XTO? Most of the discussion on the XTO board is regarding share price.
All, interesting piece in the WSJ re oil and the dollar. Historically, the correlation between oil and the dollar has not been that strong, only about 20%. In the past three months, its been 57%. Traders are focusing on the relationship, but beware. Used the analogy that the number of churches and mortuaries in a city are correlated but not necessarily causal.
The shopping list for equities looks long, the new lows list. Bought some GE yesterday for global growth. And Citigroup and Wamu. Cheers. Hare