How much lower can oil go? Isn't it a good idea to buy low and sell high? The Saudis want to bankrupt the shale oil business, but when the competitions are dead, the Saudis are going to reduce supply. Even counting in the Iranian oil, I think the price of oil will go higher in the future, maybe $50-60/barrel.
Please dont tell me people are still trying to play oil. Its dead.
Back in 80s, oil hit something like $15 or less per barrel. Its dead.
They are going to be like tobacco stocks. The ones that survive pay dividends like XOM. The others will die.
Better get short - another 5% market correction next week!!
QQQ $100 here we come!
Market taking another dip today. Not sure when to start buying back in. Think I'll hold of to see if we stabilize tomorrow.
I'm tempted to buy in because the S&P500 will probably bounce. But longer term, I don't think it looks so good. The world appears to be in/entering a recession.
A mini-recession isn't out of the question. Most countries in Europe tried to raise rates too quickly after 2008 and it caused a lot of them to have double dip recessions. that's why the fed took so long to finally bite the bullet.I'm tempted to buy in because the S&P500 will probably bounce. But longer term, I don't think it looks so good. The world appears to be in/entering a recession.
It's time to not look at your 401K and retire investments, yet again. Wooohoooo!
The US isn't that dependent upon international trade that a significant reduction in economic activity in either China or Europe is going to make a huge difference. While we have more int'l exposure than ever before, especially in the case of multinational companies, we're still largely self contained. And by every measure you can think of, the US Economy still looks great.
Yes, that feeling is returning. Don't know that I can stomach riding it down again....sigh
It's weird. When oil prices started dropping, most people thought that it would really kick the economy up a notch. But there were a few who thought that the reduction in capex would have a net negative effect. They turned out to be right but mainly because consumers decided to bank their gas savings rather than spend.Compared to everyone else, the U.S. is doing great. I'm still leaning towards stagnation, maybe another 2015 (essentially no change in market, but reasonable overall economy), not a 2008. It's a well diversified economy but the resource sector is being hit. International sales may not be as great for American companies. We'll see, we're only 2 weeks into 2016.
It's time to not look at your 401K and retire investments, yet again. Wooohoooo!
unless you have taxable investments!
i just cut 3$k off next year's taxes today by selling some VTSAX + VTIAX and replacing it with VLCAX + VFWAX
Yeah, I have enough cap loss write-offs to last me a while, tyvm...
:whiste:
Despite its recent large run-up, I like SunEdison. It is rich in solar goodness but is heavily in debt and losing money. The clouds appearing to be parting however and if they can execute it may return to $30+ from its current price of $6.50. ()
SUNE $2.83. :whiste:
No one can be 100% right all the time. But a market correction has long been overdue. I sold Sune from $4.50 to $3.95 at a loss.
Care to divulge your trades or predictions?
dec 31 of last year moved 10% from stocks to bonds, mainly because I was overweight in equities and needed to rebalance.
20% swing into safety
this 3day -1000 point drop in the dow makes me feel better about my decision