Jamesengle6 wrote:
Our anti-science, amateur-based government is about to wreck their own chances for re-election, and if this trend continues, the chaos they have facilitated before the virus is gonna get exponentially worse.
+1
Jamesengle6 wrote:
Our anti-science, amateur-based government is about to wreck their own chances for re-election, and if this trend continues, the chaos they have facilitated before the virus is gonna get exponentially worse.
+1
Anyone looking to take advantage of this market drop should first make sure they are doing so in a tax sheltered account. Make sure to open either a Roth IRA (taxed money goes in, comes out tax free), or a traditional IRA (tax free going in, taxed coming out). You still have time to contribute to the 2019 account year's limits (ends 4/15). The difference of paying taxes on your investments could make a $1 million dollar difference (if you're investing at the max $6,000 a year and earn 7% back - the S&P annual average). Do this before opening a normal brokerage account to maximize your wealth potential.
Is anyone here in the oil trading/futures business? Please, tell us minions and plebes how it is that:
1. When the price of a barrel of oil goes dramatically up, the effect at the pump is immediate in the form of price increases...YET...
2. When the price of a barrel of oil goes dramatically down, the effect at the pump is very negligible for the foreseeable future in the form of price decreases
There are going to be a lot of good opportunities coming up soon once we figure out how to manage the crisis we are in. I knew it was going to be bad today, but not this bad. Hopefully we get a handle on everything soon.
MeHereYouWhere?! wrote:
Is anyone here in the oil trading/futures business? Please, tell us minions and plebes how it is that:
1. When the price of a barrel of oil goes dramatically up, the effect at the pump is immediate in the form of price increases...YET...
2. When the price of a barrel of oil goes dramatically down, the effect at the pump is very negligible for the foreseeable future in the form of price decreases
Because you're paying for it either way.
I can't wait for our president to appear on TV again and talk about how well ratings are doing, because of him, on Fox & Friends.
And Carter was right about oil.
And I'm right, too. Oil should be a commodity until we figure out how to move everything away from it.
Gas was down to $1.86 a few days ago but has gone up to $2.26. So I don't get it. Shouldn't gas be down to $1.56 or so now?
You must live in a crappy state.
The change isn’t spontaneous. There will be very cheap gas soon if things stay the way they are.
namesiknow wrote:
Support the president and BUY BUY BUY this morning.
I was going to buy, because I like buying things on sale. Now that I know it's supporting Trump I might have change track and sell, sell, sell.
You do need to sell everything.
MeHereYouWhere?! wrote:
Is anyone here in the oil trading/futures business? Please, tell us minions and plebes how it is that:
1. When the price of a barrel of oil goes dramatically up, the effect at the pump is immediate in the form of price increases...YET...
2. When the price of a barrel of oil goes dramatically down, the effect at the pump is very negligible for the foreseeable future in the form of price decreases
If one seller cuts prices, he quickly captures a large market share, but almost immediately loses this advantage as others cut their prices. So this one seller has lowered his profit and not gained any market share.
All sellers know this. So they all adopt a tit-for-tat strategy (cut their price if a competitor cuts price, but otherwise do nothing) and prices remain the same.
When oil prices rise, sellers increase their prices to maintain profit.
This holds because there is oligopolistic competition (few sellers) in the oil industry.
For about eleven months, I have been about 90% cash, 5% bonds and about 5% equities. I've been around a long time. It is always better to sell too soon than sell too late. Did I know east Asian bat virus was going to be a thing eleven months ago? Of course not. I knew U.S. economy was not going to grow at 2% or 3% g.d.p. and U.S. equities growing at 12% or 13% forever. Today was bound to occur.
thank you the donald for the trump slump
Glad I will stop hearing from my Republican friends "But the economy is so good under Trump!"
electron1661 wrote:
Glad I will stop hearing from my Republican friends "But the economy is so good under Trump!"
People cheering for doom and gloom that impacts millions of our citizens and the world’s citizens- just so they can bash our president. Nice.
Relatively speaking our economy is great. World markets are tanking across the board, It’s not just us.
MeHereYouWhere?! wrote:
Is anyone here in the oil trading/futures business?
The 20% slide in the markets has mostly been driven by futures traders between sessions. Many of those overall down days had positive regular sessions. It opens 3 or 4 % down from where it closed the day before, then gains 2% back.
Considering most of the drop has been due to mass paranoia, it's logical that either these insiders are the paranoid ones, or they're deliberately stoking the paranoia by engineering these crazy drops and then pointing to news headlines for an excuse.
What has infamous shortmonger, destroyer of national currencies George Soros been up to lately?
oh and btw who told you they halted futures? They're still trading, and they happen to be way up. So are oil prices.
https://www.marketwatch.com/investing/future/YMH20?mod=MW_story_quote
Not that I trust these guys to not be setting up a shortfest in the morning.
Check this link out if you want a good read. Fed is injecting billions daily directly into the market. That’s why we are seeing daily rallies right before the closing bell. This is insane : https://wallstreetonparade.com/2020/01/federal-reserve-admits-it-pumped-more-than-6-trillion-to-wall-street-in-recent-six-week-period/