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Joined: Nov 2015
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Campfire Tracker
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Campfire Tracker
Joined: Nov 2015
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Was on a conference call this morn with some so called experts from a major investment firm.
They were slightly bullish. They think the Dow will completely recover in 12-18 months. Actually it’s done 50% of that already.
Some stocks, hospitality, airlines as examples will struggle for longer time. My reply would’ve been: “Guys, that is fantastic news to hear. Listen, we want to go after money on the sidelines right now, and we feel people are eager to jump back in, so would it be asking too much for you guys to produce some charts for us, that shows the last time we had a minimum drop of 4.8% in GDP with no fewer than 26+MIL on unemployment produce the 12-18 month turnaround you just described, so we can utilize those charts?” Oh…to hear the dead silence on the other end….would have been gold…. I’m not saying they’re right, and I’m less bullish. I would expect their answer to your question to be, “under those conditions you mention, the DOW is up roughly 6000 points since its bottom 4-5 weeks ago, and that about 30%.” My second reply to them would be: A good engine always melts the pistons when entering the trap…not before. Don’t tell me this economic engine can win a championship and is producing the needed horsepower, when it is melting pistons (26+ MIL UI / Negative GDP ) before entering the trap. The fact they can’t understand an analogy like above, is the same reason those “book smart financial yuppies” only repeat to their clients what their bosses tell them in sales meetings…they haven’t the slightest clue of how the real world works, and they have never, and will never, tell a client to bail from the market in times like we are facing, for the same reasons politicians will never vote for term limits….their job. And there’s never just “one” bottom in a Depression. Where do you think the term “dead cat bounce” originated from?….is what I’d mumble and close with to them.
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
– DocRocket (In reference to ElkSlayer91)
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Joined: Jun 2006
Posts: 46,308 Likes: 17
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jun 2006
Posts: 46,308 Likes: 17 |
Yep, an engine melting pistons is the one perfect analogy.
We're witnessing genius un action, boys!!
A wise man is frequently humbled.
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Joined: Nov 2011
Posts: 1,573
Campfire Regular
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Campfire Regular
Joined: Nov 2011
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Bitcoin is going insane.... INSANE !!
Also bought in to a deal with Tikka Tiwari on a 5 coins for 5 Million $ dollar deal and am up 1300 % in 2 weeks. Palm Beach research.
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Joined: Dec 2003
Posts: 86,355 Likes: 35
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,355 Likes: 35 |
Dow Jones has made back half of the drop from the high.
I’ve said it before. This chinaflu will end, Trump gets re-elected, and the market roars.
Dow will be 35K by Christmas. Book it.
Which Christmas, Bender ? The next one.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Dow Jones has made back half of the drop from the high.
I’ve said it before. This chinaflu will end, Trump gets re-elected, and the market roars.
Dow will be 35K by Christmas. Book it.
Which Christmas, Bender ? The next one. Ahhhh, yes ! Like the sign above the bar, “free beer tomorrow “. Grins
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
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i will keep my hard earned gains in cash for now. my regular investments are going into s&p though. we have not seen the earnings for 2nd and 3rd quarter yet.
My diploma is a DD214
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Joined: Sep 2012
Posts: 894
Campfire Regular
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Campfire Regular
Joined: Sep 2012
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Been watching several stocks over that past couple of months myself. I decided to buy Carnival Cruise Lines when it got down to 8 bucks and its close to 16 now I think. Marothon Oil and Haliburton have nearly if not already doubled since their lows a month or so ago. Some of the pharma's have done well. I haven't made a killing but I did invest 15k into CCL, MRNA and Pfizer and I'm up to 32K I believe in just a few weeks.
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Joined: Mar 2010
Posts: 24,398 Likes: 18
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,398 Likes: 18 |
Been watching several stocks over that past couple of months myself. I decided to buy Carnival Cruise Lines when it got down to 8 bucks and its close to 16 now I think. Marothon Oil and Haliburton have nearly if not already doubled since their lows a month or so ago. Some of the pharma's have done well. I haven't made a killing but I did invest 15k into CCL, MRNA and Pfizer and I'm up to 32K I believe in just a few weeks. Its better to complain, hide in your closet from the Chinese virus, let your wife watch the hallmark channel, keep your money in the bank at .5 per cent interest or bury all your savings in the back yard in mason jars and talk about where to buy more ammo. Im out of market for most part today excepts for a few stocks I picked up at 90 per cent below their highs, after this hot month and will reinvest when the bargains appear again. Cant believe a lot of people didn't jump in after the March crash at least temporarily.
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Joined: Oct 2000
Posts: 30,309 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Oct 2000
Posts: 30,309 Likes: 4 |
Cant believe a lot of people didn't jump in after the March crash at least temporarily. The stock market is the only place where people run away from a sale...
“Perfection is Achieved Not When There Is Nothing More to Add, But When There Is Nothing Left to Take Away” Antoine de Saint-Exupery
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Cant believe a lot of people didn't jump in after the March crash at least temporarily. The stock market is the only place where people run away from a sale... Yessir.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Mar 2010
Posts: 24,398 Likes: 18
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,398 Likes: 18 |
Cant believe a lot of people didn't jump in after the March crash at least temporarily. The stock market is the only place where people run away from a sale... Excuse me sir, but would you like some free money? Oh, no thank you.
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Joined: Apr 2001
Posts: 6,285 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Apr 2001
Posts: 6,285 Likes: 3 |
Dow Jones has made back half of the drop from the high.
I’ve said it before. This chinaflu will end, Trump gets re-elected, and the market roars.
Dow will be 35K by Christmas. Book it.
It was all golden. Then you brought back the ghost of okok....
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Joined: May 2011
Posts: 7,515 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
Posts: 7,515 Likes: 1 |
I would bail out now. O&G is the worst place to be in the market now.
Sure you can make some money on O&G but why? The O&G market sucks, and there are so many solid healthy companies in other sectors to invest in. To each their own for sure. But O&G is a bad place to be.
Another update for those who've watched this thread.... As of today (and since March with my first official trade) I'm up just about $50K from my $65K account = $115K. Thanks in part to this little guy--but avoid oil at all cost!  ![[Linked Image from i.imgur.com]](https://i.imgur.com/p5yPzG6.jpg) Edit...just went to $1.61...grin.
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Joined: Jun 2008
Posts: 18,592 Likes: 18
Campfire Ranger
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Campfire Ranger
Joined: Jun 2008
Posts: 18,592 Likes: 18 |
Every day on this side of the ground is a win.
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Joined: Jan 2013
Posts: 1,857
Campfire Regular
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Campfire Regular
Joined: Jan 2013
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The returns have been insane! When Trump and his bro at the Fed announced they were going to pump $7 trillion into the market to fight the common cold well.... if you didn't know to get in and grab a piece of that then too bad.
It's not too late though. Trump knows the power of QE, he's been using it even before all this fake virus crap, as the economy strengthened so I don't see him letting off it any time soon. So long as Trump keeps printing, the market is risk free. If he gets re-elected, we'll easily see DOW 50k.
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Joined: Dec 2013
Posts: 13,248 Likes: 15
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,248 Likes: 15 |
I put some spare cash into GUSH,Alaska Air, and Carvana when the market was at its worst. Now if I can just go ahead and sell. That's my problem, I can pick a winner but I have trouble selling after a big gain. I doubled my money on 200 shares of Diamond Offshore and hung on to it. Now they're in bankruptcy.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
Hebrew Roots Judaizer
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Joined: Dec 2005
Posts: 10,335 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2005
Posts: 10,335 Likes: 3 |
End of April/early May................. I already did................... but I missed by a month!
Last edited by muffin; 06/05/20.
"...A man's rights rest in three boxes: the ballot box, the jury box and the cartridge box..." Frederick Douglass, 1867
( . Y . )
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Joined: Dec 2013
Posts: 44,808 Likes: 27
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,808 Likes: 27 |
Was on a conference call this morn with some so called experts from a major investment firm.
They were slightly bullish. They think the Dow will completely recover in 12-18 months. Actually it’s done 50% of that already.
Some stocks, hospitality, airlines as examples will struggle for longer time. My reply would’ve been: “Guys, that is fantastic news to hear. Listen, we want to go after money on the sidelines right now, and we feel people are eager to jump back in, so would it be asking too much for you guys to produce some charts for us, that shows the last time we had a minimum drop of 4.8% in GDP with no fewer than 26+MIL on unemployment produce the 12-18 month turnaround you just described, so we can utilize those charts?” Oh…to hear the dead silence on the other end….would have been gold…. I’m not saying they’re right, and I’m less bullish. I would expect their answer to your question to be, “under those conditions you mention, the DOW is up roughly 6000 points since its bottom 4-5 weeks ago, and that about 30%.” My second reply to them would be: A good engine always melts the pistons when entering the trap…not before. Don’t tell me this economic engine can win a championship and is producing the needed horsepower, when it is melting pistons (26+ MIL UI / Negative GDP ) before entering the trap. The fact they can’t understand an analogy like above, is the same reason those “book smart financial yuppies” only repeat to their clients what their bosses tell them in sales meetings…they haven’t the slightest clue of how the real world works, and they have never, and will never, tell a client to bail from the market in times like we are facing, for the same reasons politicians will never vote for term limits….their job. And there’s never just “one” bottom in a Depression. Where do you think the term “dead cat bounce” originated from?….is what I’d mumble and close with to them. . 1. Trump was never President before. 2. The heater was never turned on for the U.S. economy to flourish like this before. It took multiple points of stimulation, even before this rebound.
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
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Joined: Jan 2013
Posts: 1,857
Campfire Regular
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Campfire Regular
Joined: Jan 2013
Posts: 1,857 |
Was on a conference call this morn with some so called experts from a major investment firm.
They were slightly bullish. They think the Dow will completely recover in 12-18 months. Actually it’s done 50% of that already.
Some stocks, hospitality, airlines as examples will struggle for longer time. My reply would’ve been: “Guys, that is fantastic news to hear. Listen, we want to go after money on the sidelines right now, and we feel people are eager to jump back in, so would it be asking too much for you guys to produce some charts for us, that shows the last time we had a minimum drop of 4.8% in GDP with no fewer than 26+MIL on unemployment produce the 12-18 month turnaround you just described, so we can utilize those charts?” Oh…to hear the dead silence on the other end….would have been gold…. I’m not saying they’re right, and I’m less bullish. I would expect their answer to your question to be, “under those conditions you mention, the DOW is up roughly 6000 points since its bottom 4-5 weeks ago, and that about 30%.” My second reply to them would be: A good engine always melts the pistons when entering the trap…not before. Don’t tell me this economic engine can win a championship and is producing the needed horsepower, when it is melting pistons (26+ MIL UI / Negative GDP ) before entering the trap. The fact they can’t understand an analogy like above, is the same reason those “book smart financial yuppies” only repeat to their clients what their bosses tell them in sales meetings…they haven’t the slightest clue of how the real world works, and they have never, and will never, tell a client to bail from the market in times like we are facing, for the same reasons politicians will never vote for term limits….their job. And there’s never just “one” bottom in a Depression. Where do you think the term “dead cat bounce” originated from?….is what I’d mumble and close with to them. . 1. Trump was never President before. 2. The heater was never turned on for the U.S. economy to flourish like this before. It took multiple points of stimulation, even before this rebound. Your post nailed it! No prior president has even come close to smashing the gas pedal on the "free" market economy like Trump! 2X the largest GOVERNMENT relief package EVER signed into law and that doesn't count the ADDITIONAL $5 trillion printed and pumped into the economy... all in a matter of a few weeks. EPIC recovery the likes of which mankind has never seen before. H3ll... even Trump keeps inadvertently calling "Billion" when it stars with a "T"! That's decisive leadership! https://www.youtube.com/watch?v=vq2DrA56HHs
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Joined: May 2011
Posts: 7,515 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
Posts: 7,515 Likes: 1 |
I would bail out now. O&G is the worst place to be in the market now. So.... many thanks, MCH, you're misguided 2020 advice helped keep me determined and focused over the last few years; finally cashed out of my PR (Permian Resources) investment today with my 18 bagger. Goal was 1/3 mill, but I settled at $300k. Long live oil and gas! ![[Linked Image from i.imgur.com]](https://i.imgur.com/2xwRTPp.jpg)
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