Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Texas Oil & Gas
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Friday Jan 21 2022 We have simultaneous bubbles across all major asset classes. He estimates wealth losses could total $35 Trillion should valuations return to two-thirds of the way to historical norms. Jeremy Grantham co-founder of GMO investments What does Mr. Grantham mean by two thirds of the way to norms? One of Bob…
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Weekend Nov 27 2021 Farrell Rule #9 When all the experts and forecasts agree – something else is going to happen. Translation: This rule fits with Farrell's contrarian streak. When all analysts have a buy rating on a stock, there is only one way left to go (downgrade). Excessive bullish sentiment from newsletter writers and…
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Friday Sept 18 2020 Fooled by Randomness Nassim Nicholas Taleb advocates a ‘black swan robust society’. This means a society that can withstand difficult to predict events. His metaphor of a Black Swan is an unexpected or difficult to imagine event. For centuries it was believed all swans were white, until a black swan was…
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Posted Monday March 9, 2020 I write a weekly newspaper column on energy and the market prices for the Odessa American and the Andrews County News. Each city has a prominent place in oil production in the Permian Basin of West Texas. My ACCT 5308 Ethics class is in a contest with the University of…
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Wed Sept 23, 2015 Again there are three stages of a bear market, denial, acceptance, and capitulation. Yesterday in intermediate accounting one student asked if, and I quote, if there was any hope for energy companies. Now that is a perfect example of social mood approaching capitulation, i.e., give up. At that point investors toss…
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Friday August 8, 2014 Word Count 769 Dennis.elam@att.net / 210 232 1691 The Eleventh Hour The world is a mess. Former Secretary of State Madeline Allbright, this past month The markets have not registered a final high, yet. But as our title suggests evidence mounts that a final high in both oil and stock…
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Thursday Oct 16 2014 Word Count 782 Crash ! Social mood has moved to more extreme positions which has taken markets down around the world. We have been warning of such an event for the last couple of years in this space. It is here, now. Let’s examine the various topics in a quick over…
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Friday October 10, 2014 Word Count 829 A Social Mood Shift for The Fall Wednesday and Thursday marked the biggest one day rally and worst one day drop for the Dow Jones Industrial average (^DJI) for all of 2014. That’s the first time those extremes have been hit on back to back days in nearly…
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Friday Oct 3 2014 Word Count 789 Oil Prices Slide Amid Massive Supply Taken together, oil and stock prices are more likely to fall in tandem than for falling oil prices to stimulate stock prices. That is my minority view for what it is worth. This December will mark the 40th year anniversary…
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Friday September 19 2014 6:11 AM CST Word Count 689 Trading Paper Barrels Energy service companies toil to bring in the real Texas Tea, barrel by barrel in the Permian Basin and the Eagle Ford. Traders in New York are a bit more clever; they simply create paper barrels and start trading. Today we look…
Professor Elam 