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  #136  
Old 03-09-2020, 03:28 PM
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Did you buy today ? I'm a chicken - I'm holding out for two consecutive significant up days. How do feel about big oil ? Will some of the giants continue to pay a dividend ?
Got Exxon at $43. That makes the dividend around 7%. They have a great dividend history but you never know. Will continue to accumulate on the way down.
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  #137  
Old 03-09-2020, 06:26 PM
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Got Exxon at $43. That makes the dividend around 7%. They have a great dividend history but you never know. Will continue to accumulate on the way down.
Yes - I'm looking at exactly that - Exxon. I forecast only the strongest of big oil surrives out of this romp. I would be leery of the cruise industry. I foresee a lot of regulation coming there. However airlines are a necessity and maybe worth a serious consideration.
  #138  
Old 03-09-2020, 10:52 PM
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This falling knife is very sharp. Don't try to catch it on the way down, wait until it hits the floor, and don't try to pick it up if it bounces off the floor, wait for it to firmly settle down on the floor.
  #139  
Old 03-09-2020, 10:55 PM
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There is no way Our Rulers/Owners are going to allow oil under $50 for very long.

I figure free market discovery price for oil is about $30.

Energy is huge to USA financials...Putin knows this.

For all those who think the national debt is a huge problem, how much is the yearly nut to service the $23T debt?

Last edited by MorTech; 03-09-2020 at 11:32 PM.
  #140  
Old 03-09-2020, 11:57 PM
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Originally Posted by Kenswing View Post
More like the Saudis called Russia's bluff then went all in.. lol
Check this out...Our Owners must be fuming at smug Putin

Russia swiftly reacts to bloodbath in markets, says it’s ready for $25 oil — RT Business News
  #141  
Old 03-10-2020, 12:27 AM
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Pandemic crashing. Oil prices crashing and the Saudis playing hardball. Credit markets shaking . Banks shaking with huge loans outstanding to the oil company's. Recession? You betcha. We are far from the bottom. Inexperienced leadership at the top. This will be a rough ride. Are your Annuities safe? Maybe. Sleep tight.
  #142  
Old 03-10-2020, 12:59 AM
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Pandemic crashing. Oil prices crashing and the Saudis playing hardball. Credit markets shaking . Banks shaking with huge loans outstanding to the oil company's. Recession? You betcha. We are far from the bottom. Inexperienced leadership at the top. This will be a rough ride. Are your Annuities safe? Maybe. Sleep tight.



Not quite.




Market is up.




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  #143  
Old 03-10-2020, 10:14 AM
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I'm guessing there's a lot of short covering going on. Let's see if we can actually hold onto a gain today..
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  #144  
Old 03-10-2020, 03:04 PM
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I'm guessing there's a lot of short covering going on. Let's see if we can actually hold onto a gain today..



She held.


I would love to see the market get back "to investing". Forget day-traders, Forget computer-trading. You purchase a stock and you must hold it a minimum of 30 days. I know, I know.................it sounds like a devil talking.


Thanks for a good day.
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  #145  
Old 03-10-2020, 04:30 PM
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Big bailouts coming for the "connected" 10%...At your grandchildren's expense...WooHoo! It's good to be a counterfeiting Central Banker Gangster...Great work if you can get it.
  #146  
Old 03-10-2020, 05:27 PM
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Big bailouts coming for the "connected" 10%...At your grandchildren's expense...WooHoo! It's good to be a counterfeiting Central Banker Gangster...Great work if you can get it.
Or maybe at the expense of your social security. Payroll tax holiday ?
  #147  
Old 03-10-2020, 05:47 PM
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Default Today was in line with the last 9 same scenarios, bear market may be over

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Care of @bespokeinvest

S&P makes it 10 for 10 in rallying at least 2%+ on the day after a Monday 5%+ drop. Gained 4.94% today, slightly better than the average gain of 4.2%. http://bespokepremium.com

one can look at the chart and extrapolate that this time is similar to all the others, and that the market will be up at some time in the future. At some point the flu will pass, and maybe the oil price will return, however, those are not an immediate given. However, after waiting 100% in bonds in my 401K for over 18 months, I put 20% to work at 20 % down Monday close. I will put another 20-30 % to work at 30% down. But being patient is always a good idea.

The future is always uncertain, sometimes more uncertain than at other times.

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  #148  
Old 03-11-2020, 07:00 AM
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What goes up will come down. What comes down will go up. The guess is when?
  #149  
Old 03-11-2020, 07:04 AM
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What goes up will come down. What comes down will go up. The guess is when?



Yep. And most market timers miss.
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  #150  
Old 03-11-2020, 10:08 AM
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Up a thousand, down a thousand. Sound familiar? But doubt if it has the staying power of 2008.

Last edited by Chi-Town; 03-11-2020 at 11:46 AM.
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