|
|
Joined: Feb 2007
Posts: 4,208
Campfire Tracker
|
Campfire Tracker
Joined: Feb 2007
Posts: 4,208 |
USO is the way to go... get em’...
I assume you're joking. USO has the majority of it's holdings in OIL FUTURES, not the most stable US oil companies that might survive. TRAIN WRECK........
Last edited by duck911; 03/09/20.
The DIPCHIT ADD, after a morning of drinking:
You despair, repeatedly, constantly! daily basis?
A despair ninny.
Sack up, despire ninny.
|
|
|
|
|
Joined: Jan 2010
Posts: 32,130 Likes: 1
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 Likes: 1 |
It will take me a while to get up the nerve to dump $ into stocks... You snooze you loose. I just stroked a 5 figure check today, looked to me like everything was on sale :-) Yep, five figures here too. Lots of bargains out there... I put my play money back in. I even bought a little XOM when it fell below $43. If we get swings like last week, I’ll trade.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
|
|
|
|
|
Joined: Nov 2015
Posts: 4,859
Campfire Tracker
|
|
Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
Wonder what will happen with OXY after their buyout of Anandarko last year or so. Right now, OXY is wishing they had followed Chevron out the door....... That was the last of the "easy money", before the door was slammed closed.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
|
|
|
|
|
Joined: Feb 2007
Posts: 4,208
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2007
Posts: 4,208 |
Wonder what will happen with OXY after their buyout of Anandarko last year or so.
After it was final they all but shutdown their part of the Denver Unit only doing what absolutely was needed to keep them running.
Several weeks ago a 3D geological survey was done here.
Might be more down there. Might not be a company in 12 months. No interest here.
The DIPCHIT ADD, after a morning of drinking:
You despair, repeatedly, constantly! daily basis?
A despair ninny.
Sack up, despire ninny.
|
|
|
|
|
Joined: Dec 2006
Posts: 28,172
Campfire Ranger
|
|
Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
We could see 18k by the end of the month.... We could see 30k by the end of the month... Only if you're on the opium pipe...sweet dreams
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
|
|
|
|
|
Joined: Feb 2006
Posts: 43,907 Likes: 11
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Feb 2006
Posts: 43,907 Likes: 11 |
Give it another two weeks and buy.....
|
|
|
|
|
Joined: Nov 2011
Posts: 2,613 Likes: 1
Campfire Regular
|
|
Campfire Regular
Joined: Nov 2011
Posts: 2,613 Likes: 1 |
We could see 18k by the end of the month.... If this happens say hello to President Biden.
Last edited by callnum; 03/09/20.
|
|
|
|
|
Joined: Oct 2012
Posts: 7,624 Likes: 2
Campfire Outfitter
|
|
OP
Campfire Outfitter
Joined: Oct 2012
Posts: 7,624 Likes: 2 |
We could see 18k by the end of the month.... If this happens say hello to President Biden. Wanna bet dumbass?
|
|
|
|
|
Joined: Dec 2019
Posts: 17,222 Likes: 15
Campfire Ranger
|
|
Campfire Ranger
Joined: Dec 2019
Posts: 17,222 Likes: 15 |
Oil is oil. How many electric tractors are there(for more than a postage stamp lawn)?
Saudis decided to drop U.S. oil prices by $7 (16%)/ barrel, Europe $8, Asia $6/ barrel after a tiff w/ Russia over cutting production.
You know Clinton had a pretty good relationship with the Russians after the Uranium One deal.
-OMotS
"If memory serves fails me..."
Quote: ( unnamed) "been prtty deep in the cooler todaay "
Television and radio are most effective when people question little and think even less.
|
|
|
|
|
Joined: Dec 2006
Posts: 28,172
Campfire Ranger
|
|
Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
We could see 18k by the end of the month.... If this happens say hello to President Biden. My worries, too. This is a Godsend for the Dems and media. Pandemic Market crash Jobs lost Fake News manufactured recession It has to all be Trump's fault. Joe Sixpack might be too easy to sway left. If Bernie drops out soon and backs Biden it will be a tough fight to hold the Senate and White House. Covid-19 will close down the Trump rallies...not a good thing. If the pandemic is averted, and if Russia and the Saudis come to their senses, the market might rise sharply...a good thing.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
|
|
|
|
|
Joined: Nov 2015
Posts: 4,859
Campfire Tracker
|
|
Campfire Tracker
Joined: Nov 2015
Posts: 4,859 |
1929-10-28 -12.82% 1929-10-29 -11.73% 1929-11-06 -9.92% 1931-09-24 -7.07% 1932-08-12 -8.40% 1932-10-05 -7.15% 1933-07-20 -7.07% 1933-07-21 -7.84% 1987-10-19 -22.61% 1987-10-26 -8.04% 2008-10-09 -7.33% 2008-10-15 -7.87% 2008-12-01 -7.70% 2020-03-09 -7.79% 2020-??-?? -?.??% 2020-??-?? -?.??% What are the dates and losses for the unfilled blanks above in 2020, and if you think it can’t / won’t happen again, especially with the REPO window throwing money at God only knows who to keep them afloat (And there’s no guarantee that money is even staying in the U.S.A. with the ongoing corruption ), then dive in. Everything is MAXED out, there are zero life rafts available, and the medical costs are on course to BK the federal government, every state government and every pension in 4-5 years. That is the BIG elephant in the room the communist media, and so-called conservative radio jocks are hiding from the public. The Congress knows about it, but refuses to solve it, because they would lose their jobs from the depression it would cause, by the necessary steps needed to save the country. The outright theft of the Medical-Industrial Complex: Insurance, Pharmaceutical and Hospitals from the American people, through collusion, price fixing, monopoly…all federal crimes under Title 15 U.S. Code Chapter 1, (100+ yr. old law on the books), Sherman Anti-Trust Act, Robinson-Patman is TREASON. I wrote a thread here last year addressing all of this, and nobody wanted to discuss it: https://www.24hourcampfire.com/ubbt...ument-to-bankrupt-the-u-s-a#Post13688911You people following this DOW thread understand numbers hopefully. You need to read the above link, and go read the links in that thread to educate yourselves on the dire fiscal situation the country is facing. You think the energy industry is in dire straits? We are staring at a complete destruction of the economy if the medical cost problem is not solved NOW. You can forget making money in the stock market. There won’t be a stock market. There won’t even be a country left. Just to forewarn you, Karl supported Trump 100%, until Trump removed the pages from his website concerning addressing medical costs…the night he won.
Last edited by ElkSlayer91; 03/09/20.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
|
|
|
|
|
Joined: Dec 2006
Posts: 4,116
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2006
Posts: 4,116 |
sky is falling sky is falling. This [bleep] gets old. In it for the long run or not at all IMHO.
But to run around panicking when it falls, after having made 30% plus is nuts. Its not going to constantly go up or everyone would be rich... Not sure if you have been paying attention but $28 oil, a price war, and a global recession isn’t exactly something to be ignored. The fact that so many just assume that things will return to normal in no time at at is actually more worrisome than what is going on. Just because things went back up after 2009 doesn’t mean it’s going to happen again. We are running out of options as far as rate cuts etc. It has recovered every single other time in history, and it will again. Do you think all these companies really lost 20% or more of their value in a week? Its just an emotional bump in the market, It is an election year, media fear mongering has been going strong to get at Trump. It might take a year or so, but it will return and we will all be looking back in the rear view mirror on this one as well. As long as you don't sell, you don't lose.
|
|
|
|
|
Joined: Dec 2006
Posts: 4,116
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2006
Posts: 4,116 |
Could be much worse that the last one on 2007... can't cut interest, can't hand out bailouts, can't lower taxes... That all has already been done just to prop up Trumps artificial economy.
This one is going to be painful.
Phil Can still do all of those things. There is money for bail outs, at least as much as there was last time. There is still room to lower taxes, they could also cut spending.
|
|
|
|
|
Joined: Feb 2003
Posts: 10,385 Likes: 4
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2003
Posts: 10,385 Likes: 4 |
I remember 1987. My father called his broker, but the line was busy until the market stopped going down.
My father never sold, and was back where he started a year later.... like it never happened.
In 1994 I asked my father how he made 20%/year on the stock market, while I lost 20%.
He said it was because I got whip sawed after 5 months. He never owned any stock less than 5 years.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
|
|
|
|
|
Joined: Dec 2013
Posts: 44,465 Likes: 10
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,465 Likes: 10 |
We could see 18k by the end of the month.... If this happens say hello to President Biden. Put that hash pipe down.. You're mixing too much crack in.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
|
|
|
|
|
Joined: Dec 2006
Posts: 4,116
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2006
Posts: 4,116 |
This isn't just Wall Street. Every Market in the World is tanking. It's not over by a long shot. Just wait until a country like Greece or Italy can't make an interest payment. The blood bath has just started. lotta bold on here sayin' buy buy buy Bold is one thing. Putting your cash where your convictions are is another. I did about a year ago. Trump was saying "Look at your 401K----highest it's every been" I looked and moved it all into cash. I move back in when the blood bath is over. Good plan, market timing is the unheraded suerhero of the investing world. All the rich people do it.
|
|
|
|
|
Joined: Sep 2003
Posts: 23,474 Likes: 8
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2003
Posts: 23,474 Likes: 8 |
Absolutely no guarantee it will be back in a year. You willing to have your money be stagnant for 3-10 years? No growth at all? That is losing, and most don’t get that concept. You lose if your money is not making you good money. The whole concept of “you only lose if you sell” is BS. If you have to wait 5 years to get back to zero you would probably be better off cutting your losses and putting your money to work now. sky is falling sky is falling. This [bleep] gets old. In it for the long run or not at all IMHO.
But to run around panicking when it falls, after having made 30% plus is nuts. Its not going to constantly go up or everyone would be rich... Not sure if you have been paying attention but $28 oil, a price war, and a global recession isn’t exactly something to be ignored. The fact that so many just assume that things will return to normal in no time at at is actually more worrisome than what is going on. Just because things went back up after 2009 doesn’t mean it’s going to happen again. We are running out of options as far as rate cuts etc. It has recovered every single other time in history, and it will again. Do you think all these companies really lost 20% or more of their value in a week? Its just an emotional bump in the market, It is an election year, media fear mongering has been going strong to get at Trump. It might take a year or so, but it will return and we will all be looking back in the rear view mirror on this one as well. As long as you don't sell, you don't lose.
|
|
|
|
|
Joined: Jan 2016
Posts: 95,727 Likes: 2
Campfire Oracle
|
|
Campfire Oracle
Joined: Jan 2016
Posts: 95,727 Likes: 2 |
This. You're fixing to lose your ass if you're in Chesapeake and it goes under.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
|
|
|
|
|
Joined: Aug 2004
Posts: 7,578
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2004
Posts: 7,578 |
I bought small positions today in COP, EOG, and VLO, and added to my EPD. EPD is a pipeline company that I have owned for several years, and it typically trades in the upper 20's. I bought today just above 15. The big companies with solid balance sheets will weather this and buy the distressed assets of the small companies that can't service their debt.
|
|
|
|
|
Joined: Feb 2003
Posts: 10,385 Likes: 4
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2003
Posts: 10,385 Likes: 4 |
Today was the 11th biggest drop percentage wise https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average...........date.................................. ......% 1 1987-10-19 1,738.74 −508.00 −22.61 2 1929-10-28 260.64 −38.33 −12.82 3 1929-10-29 230.07 −30.57 −11.73 4 1929-11-06 232.13 −25.55 −9.92 5 1899-12-18 58.27 −5.57 −8.72 6 1932-08-12 63.11 −5.79 −8.40 7 1907-03-14 76.23 −6.89 −8.29 8 1987-10-26 1,793.93 −156.83 −8.04 9 2008-10-15 8,577.91 −733.08 −7.87 10 1933-07-21 88.71 −7.55 −7.84 11 2020-03-09 23,851.02 −2,013.76 −7.79
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
|
|
|
|
|
591 members (06hunter59, 12344mag, 02bfishn, 1234, 163bc, 01Foreman400, 62 invisible),
2,496
guests, and
1,343
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,192,573
Posts18,491,943
Members73,972
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
