I think the market very much revolves around oil, which backed off a bit this week, but remains over $65 a barrel. Higher oil is a double whammy for the market, slowing the economy and increasing inflation. Stephen Leeb
Motivational, Inspirational, Funny Quotes
![Goldman Sachs ... yesterday took it off their recommended list for reasons that made no sense whatsoever. This is as high a quality company as you can imagine. They did make some round-trip energy trades, there's no doubt, [but] they amounted to one quarter of one percent of their business. It had no effect on their profits. Energy trading is about 65 cents or about 30 percent of Duke's earnings. I would just buy Duke with my eyes closed at this point. - Stephen Leeb Quotes](/pic/img/img.php?text=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&author=ICBTdGVwaGVuIExlZWIgICAg&num=2 "Goldman Sachs ... yesterday took it off their recommended list for reasons that made no sense whatsoever. This is as high a quality company as you can imagine. They did make some round-trip energy trades, there's no doubt, [but] they amounted to one quarter of one percent of their business. It had no effect on their profits. Energy trading is about 65 cents or about 30 percent of Duke's earnings. I would just buy Duke with my eyes closed at this point. - Stephen Leeb Quotes")
