The financial instability spreading in the global markets in not good. PTR should make a $50/share offer for Interoil Co, (IOC) to send a message that China has confidence that its continued growth will need new and diverse energy supplies......
The Nasa denial that a giant meteorite is going to destroy earth next month makes me wonder. In the last week 350 companies with market values greater than $15B have dropped more than 10%. Trllions of dollars in value have evaporated. NSC is not being singled out.....the selling cuts across all sectors. At least if Nasa is wrong NSC's coal shipments will rise as we freeze to death.
my impression is the economy is better than average. low oil is starting to be a boost....the new panama canal which opens in 6 most will be a very positive thing for east coast rails
up volume to day 192M down volume 5.9B,,,,,30:1...157 stocks up and 3069 down.....this is financial institution short selling and liquidation....the rail car manufacturers look good at this price