Professor Elam

Monday July 20,  2015

HAL earned six cents in the most recent quarter.  This comes on the heels of HAL constructing its third largest facility in the world just south of the Brooks City Base Campus.  At an FEI meeting a couple of years back, the HAL CFO bragged about the size of the facility. 

This is a socionomic clue that a top in mood, and oil prices was near. The Skyscraper Index holds that large projects are imagined and built during peak boom periods, or peak social mood if you will. By the time  the project is completed, the boom is over and typically the project opens the very worse time. That would be the case for the HAL, Baker Hughes, and Weatherford  new operations in the Eagle Ford. 

I did not bother to make that point to the CFO as no doubt he would have dismissed the idea.