Pelican Parts Forums
Page 15 of 16 « First « Prev 5 13 14 15 16 Next »
Show 40 post(s) from this thread on one page

Pelican Parts Forums (http://forums.pelicanparts.com/)
-   Off Topic Discussions (http://forums.pelicanparts.com/off-topic-discussions/)
-   -   buy on the bump (http://forums.pelicanparts.com/off-topic-discussions/1053464-buy-bump.html)

sammyg2 03-18-2020 10:27 AM
Quote:
Originally Posted by sammyg2 (Post 10779743)
I'm all in when the dow hits 20,500.
I may even take out a mortgage on the house and invest that.
But until then, I'm watching from the cheap seats.
I lowered the expected floor to 20,000, and it held for about a week or so. until today.
19,400, all bets are off.


<iframe width="953" height="536" src="https://www.youtube.com/embed/iu-7DXBiVsA" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

RWebb 03-18-2020 12:44 PM
BA Execs. deserve to die.

sammyg2 03-18-2020 01:00 PM
Sure sounds that way.
I've heard lots of folks who know more about the execs than I do say basically the same thing.



The only thing I hadn't sold off or moved into money market was about 60 or 70k in VBMPX, a bond fund. Why bother right?
I hadn't looked at it for a while but even it has been dropping. 300 here, 800 there. Pretty bad when a total bond index fund is loosing.
So it's gone too as of opening mun-yaa-na.

pmax 03-18-2020 01:11 PM
Buy bleach.

sammyg2 03-18-2020 01:25 PM
Quote:
Originally Posted by pmax (Post 10789265)
Buy bleach.
I already got a bottle of bleach in the laundry room, don't want to look like one of them darn hoarders or something!

sammyg2 03-18-2020 01:30 PM
It just struck me ...
you know those shows on The Loser Channel (TLC) about extreme hoarders?
I wonder how many potential hoarders are gonna get pushed over the edge or made worse by the current events.
Prolly lots of em. They might get their own Oprah channel.

tabs 03-18-2020 03:25 PM
Quote:
Originally Posted by sammyg2 (Post 10789307)
It just struck me ...
you know those shows on The Loser Channel (TLC) about extreme hoarders?
I wonder how many potential hoarders are gonna get pushed over the edge or made worse by the current events.
Prolly lots of em. They might get their own Oprah channel.
The USA sources 90% of it's shoes from overseas, primarily from SE Asia and China. With the Supply Chain to China being disrupted..used shoes are looking like quite the opportunity...Especially when your car breaks down and you can not get those replacement parts form China anymore...you will be walking more.

West Texas is $22.15...Well that is it for the Frackers... I expect sub $20...

The real bad juju is that Interest rates are moving higher in the face of ALL THAT STIMULUS in the pipeline...the world is starting to regurgitate all that debt.. a 2T $ deficit is a bit much for the world to swallow...but here comes the FED to save the day by PRINTING some more USD's..what the he11 what is a few more Trillion on the balance sheet anyway...

The perfect storm is if interest rates gets so high that that it makes the cost of borrowing for stimulus astronomical.. then the stimulus is off and the economy gets to seek it's own level..I have long pointed out that many of the Progressive spending plans would hit the wall as they could not be funded as the cost of borrowing would make it prohibitive..So here we are...

fred cook 03-19-2020 04:56 AM
Back several days ago when the bottom started to fall out, I bailed out of all my mutuals so, at the moment, I haven't lost anything. Well, maybe a couple or three grand but I can live with that! I did a value comparison last night and if I had stayed "in", my accounts would be down between 20 and 30 percent! So, here is my top secret plan: Stay in cash until the virus curve starts down or until a vaccine hits the market. Once that happens, I believe the elevator ride going up starts all over again. Meanwhile, I'm not broke and certainly not rich but in a position to wait! I tried to get my sister to do the same as me but she (and her broker!) decided to "ride it out". Now she is kicking herself in the heinie for not doing as I did!

sammyg2 03-19-2020 06:58 AM
Quote:
Originally Posted by tabs (Post 10789464)

West Texas is $22.15...Well that is it for the Frackers... I expect sub $20...
I kinda 'spect oil to rebound very soon. Russia is ready to blink. All it takes is for them to agree to ANYTHING with the Saudis and oil will jump 50% in a new york minute.
If I were a younger man I'd be all over oil futures and long on oil majors.
Chevron has been between 105 and 125 as long as I can remember, and it's sitting at $55 right now. Dividends alone support nearly twice that.

PS
I'll go barefoot before wearing someone else's old shoes, flip flops are still cheeep and plentiful. :D :eek:

edit, CVX is down to $52.
Bargain.

sammyg2 03-19-2020 07:00 AM
Quote:
Originally Posted by fred cook (Post 10790062)
Back several days ago when the bottom started to fall out, I bailed out of all my mutuals so, at the moment, I haven't lost anything. Well, maybe a couple or three grand but I can live with that! I did a value comparison last night and if I had stayed "in", my accounts would be down between 20 and 30 percent! So, here is my top secret plan: Stay in cash until the virus curve starts down or until a vaccine hits the market. Once that happens, I believe the elevator ride going up starts all over again. Meanwhile, I'm not broke and certainly not rich but in a position to wait! I tried to get my sister to do the same as me but she (and her broker!) decided to "ride it out". Now she is kicking herself in the heinie for not doing as I did!
gud plan.
Sounds like you are a little more optimistic for quick recovery that I am, I'm guessing the it will be slow at first and gather steam after a year or two.

sugarwood 03-19-2020 07:03 AM
Quote:
Originally Posted by RWebb (Post 10789217)
BA Execs. deserve to die.
If anyone is interested in Boeing mismanagement, these are excellent reading

https://www.newyorker.com/magazine/2019/11/18/the-case-against-boeing

https://newrepublic.com/article/154944/boeing-737-max-investigation-indonesia-lion-air-ethiopian-airlines-managerial-revolution

flatbutt 03-19-2020 07:54 AM
Quote:
Originally Posted by fred cook (Post 10790062)
Back several days ago when the bottom started to fall out, I bailed out of all my mutuals so, at the moment, I haven't lost anything. Well, maybe a couple or three grand but I can live with that! I did a value comparison last night and if I had stayed "in", my accounts would be down between 20 and 30 percent! So, here is my top secret plan: Stay in cash until the virus curve starts down or until a vaccine hits the market. Once that happens, I believe the elevator ride going up starts all over again. Meanwhile, I'm not broke and certainly not rich but in a position to wait! I tried to get my sister to do the same as me but she (and her broker!) decided to "ride it out". Now she is kicking herself in the heinie for not doing as I did!
I suspect most of us stayed in too long (as I did) and now have no choice but to ride it out.

sammyg2 03-19-2020 09:05 AM
his kinda goes against what i'm expecting, but who knows.
Quote:
When Will the Oil War End?
Bloomberg | Wednesday, March 18, 2020

How long can the vicious oil-price war between Saudi Arabia and Russia last? If history is any guide, the battle will be a long one.

Riyadh has waged four price wars, including the current one, over the last 35 years. All of them lasted at least a year, and prices plunged at least 50%.

This time may be different, of course -- there’s never been a demand shock so great at the same time as the supply shock. But the last wars are at least a guide to the pain thresholds of policymakers.

Here’s how they played out:

Price War I: 13 months. In June 1985, at a meeting in Taif, Saudi Arabia, King Fahd warned OPEC countries that his country would no longer carry the burden of production cuts alone. In November, Riyadh moved to flood the market. Oil plunged from $31 a barrel to $9.75 a barrel in six months. The peace didn’t come until December 1986.

Price War II: 17 months. It started in November 1997 at a meeting in Jakarta, Indonesia. Saudi Arabia boosted production to fight Venezuela, which was quickly grabbing market share in the lucrative U.S. market. What Riyadh hadn’t anticipated was that demand would collapse amid the emerging-markets crisis and a warm winter. Oil fell from about $20 a barrel to less than $10, and the peace didn’t arrive until April 1999.

Price War III: 22 months. It started in November 2014 with a meeting in Vienna. Tired of non-OPEC countries freeloading on the cartel’s production cuts, and worried about the impact of the U.S. shale revolution, Saudi Arabia adopted a policy of pump-at-will. Oil collapsed from about $100 a barrel to $27.88. The peace didn’t come until September 2016: Riyadh made a U-turn and Russia joined the cuts.
This time, the battle was more brutal from the start, with prices crashing more than 35% in days. In past wars prices tumbled slowly, over a period of months. Riyadh’s new shock-and-awe tactics may just shorten the fight by inflicting so much pain, so quickly, that everyone has to come to the table sooner.

biosurfer1 03-19-2020 10:04 AM
Quote:
Originally Posted by sammyg2 (Post 10790331)
his kinda goes against what i'm expecting, but who knows.
I dont think this time was "shock and awe" from SA, I just think they picked a terrible time with oil demand plummeting due to the virus.

Oil back to $20/barrel today?? crazy

GG Allin 03-19-2020 10:20 AM
Bought AMZN Monday morning at $1685 certainly not the low of the day. Great move.....for now.

sammyg2 03-19-2020 10:26 AM
Quote:
Originally Posted by biosurfer1 (Post 10790435)
I dont think this time was "shock and awe" from SA, I just think they picked a terrible time with oil demand plummeting due to the virus.

Oil back to $20/barrel today?? crazy
recovered a little:

Crude Oil Apr 20 (CL=F)
NY Mercantile - NY Mercantile Delayed Price. Currency in USD

24.89+4.52 (+22.19%)
As of 1:15PM EDT.

sammyg2 03-19-2020 10:29 AM
uh oh, SA just called Russia's bluff. This is not good:
Quote:

The New Saudi Plan To Send Oil Prices Lower
,Oilprice.com•March 19, 2020

Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of huge extra supply next month.

Oil giant Saudi Aramco will proceed with the reduction of its refinery rates in Saudi Arabia in April and May in order to free up more crude oil for exports, an official at the company told Reuters on Thursday.

Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the official Saudi Press Agency reported on Wednesday.

The Kingdom is intent on unleashing growing crude oil volumes on the market, aiming to significantly boost its crude oil exports to a record-breaking more than 10 million bpd in May.

The Saudis, who launched an all-out price war for market share with Russia after Moscow refused to back deeper cuts, will not only boost April exports from the current 7 million bpd, but will also grow exports in May by another 250,000 bpd from April.

After the collapse of the OPEC+ production cut deal, OPEC’s de facto leader and the world’s top oil exporter, Saudi Arabia, promised to flood the market with crude oil as of April 1, sending oil prices into a tailspin and weighing heavily on the market which is being battered by an unprecedented demand shock amid the coronavirus pandemic.

Oil prices naturally reacted to this double whammy of supply and demand shock and crashed to 18-year lows on Wednesday.

Analysts say that $20 oil may not be the bottom as the markets continue to panic with a growing number of countries going into lockdown and restricting domestic and international travel.

Some analysts say oil prices in the teens are not far off, while Paul Sankey, managing director at Mizuho Securities, said “Oil prices can go negative” in a note this week, as carried by Fox Business.

By Tsvetana Paraskova for Oilprice.com

sammyg2 03-19-2020 10:55 AM
Weird, SA is threatened to kill the price of crude but it's up 21%.
Something's up, the market knows they are full of sheet.

Note to self, don't play poker with the Saudi oil minister.


edit: Trump is gobbling up the cheeeep oil for the strategic reserve, but I don't see that propping up the price this much. Things that make you go huh.

sammyg2 03-19-2020 12:55 PM
Don't wanna PARF it up so i'll just post a link to a pertinent article:

https://finance.yahoo.com/news/trump-may-intervene-oil-fight-174156539.html

Shaun @ Tru6 03-19-2020 01:21 PM
Shale is over-leveraged and will need to be bailed out by the U.S. Gov.


All times are GMT -8. The time now is 12:55 PM.
Page 15 of 16 « First « Prev 5 13 14 15 16 Next »
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website


DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.