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Misc Stock Market

Webberweather53 said:
I highly doubt crude has reached the floor yet, the crude market has never seen anything like this... Once Saudi Arabia & Russian production increase at the start of April in concert w/ continually lowering demand, I expect prices to dip well into the 10s, perhaps even below $10/barrel.
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It's gonna snow in Wake in June ... ?
 
Webberweather53 said:
I highly doubt crude has reached the floor yet, the crude market has never seen anything like this... Once Saudi Arabia & Russian production increase at the start of April in concert w/ continually lowering demand, I expect prices to dip well into the 10s, perhaps even below $10/barrel.
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Don’t worry. If it gets that low a war will be started causing the price to go back up. Oil reserves will be decimated and it will go back above 70 a pop. Wash. Rinse. Repeat
 
Did anyone else see this dow was +188 today @20,087 Investing.com had this +17% after close in future. It just reset now it's up +.039 @19,681 what am I missing
 
Windergawx said:
Did anyone else see this dow was +188 today @20,087 Investing.com had this +17% after close in future. It just reset now it's up +.039 @19,681 what am I missing
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It closed at 20,087. Futures currently have it at 19,610.
 
Webberweather53 said:
I highly doubt crude has reached the floor yet, the crude market has never seen anything like this... Once Saudi Arabia & Russian production increase at the start of April in concert w/ continually lowering demand, I expect prices to dip well into the 10s, perhaps even below $10/barrel.
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Maybe. But when I start hearing things in the mainstream about free oil or negative oil prices, it makes me think a floor is in. Also, all this is going to take is either Russia or SA to change their stance and we're back in the $40s overnight.
 
Rain Cold said:
Maybe. But when I start hearing things in the mainstream about free oil or negative oil prices, it makes me think a floor is in. Also, all this is going to take is either Russia or SA to change their stance and we're back in the $40s overnight.
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Counting on Putin or a whiny Saudi Arabian prince to give in anytime soon? Yeah, good luck with that.
 
I think these exchange trade notes might just be getting started. If we flirt with a new floor then there’s still a lot of money to be made. Even if we teeter back and forth on the level we’re at now then there will be a lot of money made buying dips. This is wild
 
Webberweather53 said:
Counting on Putin or a whiny Saudi Arabian prince to give in anytime soon? Yeah, good luck with that.
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I'm just saying, oil is very volatile. The market is currently pricing in the worst of the worst. And any number of things can cause a rapid and strong reversal.
 
Jimmy Hypocracy said:
I think these exchange trade notes might just be getting started. If we flirt with a new floor then there’s still a lot of money to be made. Even if we teeter back and forth on the level we’re at now then there will be a lot of money made buying dips. This is wild
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Yep if you’re a risk taker like many on here are it’s a great time to buy


Sent from my iPhone using Tapatalk
 
Rain Cold said:
I'm just saying, oil is very volatile. The market is currently pricing in the worst of the worst. And any number of things can cause a rapid and strong reversal.
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How can we assume it's the worst of the worst right now? Demand isn't going to increase anytime soon, especially in the US where quarantines and lockdowns become both more frequent and stringent in the coming weeks in addition to the external influence from Saudi Arabia & Russia, supply and demand will continue to diverge from one another the way things look atm even w/ decreases in US production. The downward pressure on the markets is going to be of unprecedented strength in April. Of course a multitude of other things could influence crude oil prices but there's little-no sign of a huge rebound in the coming weeks. If one were to materialize, it would probably get thwarted pretty swiftly.
 
Webberweather53 said:
How can we assume it's the worst of the worst right now? Demand isn't going to increase anytime soon, especially in the US where quarantines and lockdowns become both more frequent and stringent in the coming weeks in addition to the external influence from Saudi Arabia & Russia, supply and demand will continue to diverge from one another the way things look atm even w/ decreases in US production. The downward pressure on the markets is going to be of unprecedented strength in April. Of course a multitude of other things could influence crude oil prices but there's little-no sign of a huge rebound in the coming weeks. If one were to materialize, it would probably get thwarted pretty swiftly.
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I'm not guaranteeing it won't go lower at all. I just think there are more things that can swing it back higher. It was probably headed into the 30s before the SA/Russia thing. All of this tension build up actually increases the chances of conflict over there. That would certainly cause it to spike hard.
 
Downeastnc said:
Not a good look there Sen Burr.....not sure how I feel about this....is there anything illegal here, insider information type laws, someone school me on what Senators and politicians in general can and cannot do with this kind of information.....

politicalwire.com

GOP Senator Dumped Stock Before Coronavirus Crisis

ProPublica: "Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading
politicalwire.com politicalwire.com

“Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”
“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”

“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”
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These people always know before.
 
What’s the play tomorrow. Pump and dump with a sharp turn into red towards the end of the day? Or are we red all day long?
 
Rain Cold said:
These people always know before.
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Im not a big Burr fan, im staunch conservative.
But almost everyone was pulling out, self included , early to mid last week. Why at his age getting ready to retire he had that much sitting in there is beyond me. I get to 60 north, im looking to lock in what ive made as safe a place as I can find.
 
Rain Cold said:
I'm not guaranteeing it won't go lower at all. I just think there are more things that can swing it back higher. It was probably headed into the 30s before the SA/Russia thing. All of this tension build up actually increases the chances of conflict over there. That would certainly cause it to spike hard.
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The world is like a rubber band right now. Stretching in all directions.
 
NCSNOW said:
Im not a big Burr fan, im staunch conservative.
But almost everyone was pulling out, self included , early to mid last week. Why at his age getting ready to retire he had that much sitting in there is beyond me. I get to 60 north, im looking to lock in what ive made as safe a place as I can find.
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Issue is he apparently sold on February 13th; that's a long time ago. So did a few others and guarantee there were more than just a few, not to mention friends and families..

Agreed on the locking in and safety; a good friend of mine had his retirement planned in a little less than 2 years; I've been trying to tell him for some time he should be ultra-conservative especially since he was primarily just working for the extra salary and health benefits; now he's talking about his timeline is all messed up.

I have to work 'till I'm 70ish or dead; sins of youth and some bad investments so I'm rolling the dice on long-term..
 
Although crude is up, with the volatility surrounding it right now, any thoughts that solar power stocks could make a rebound (at least short term)?
 
I hate to make predictions about equities but I recommend being very careful in the market right now. It looks like today is going to be very GREEN and should close STRONG with all the expiring options and futures. After 3PM it could fly if it stays positive all day.

This could also be a major head fake though. It could appear the market has found it's footing and is ready to blast off. Overall volatility should decrease significantly after it's reset too.

But, California just shut their state down. Their GDP if taken alone would be the 5th largest in the world. Ahead of UK, India, France, Brazil, Italy, Canada, SK, Russia, etc. Other states will probably follow suit. Our Euro trading partners are closing down. The amount of coronavirus cases, and unfortunately related deaths, are about to spike in the coming weeks. The 'people' aren't prepared for this and you can see that in their daily actions. The upcoming job loss numbers when they come out are going to be a spike like we've probably never seen before. The list of reasons against the market right now are long.

I'm not trying to spread fear or doom and gloom. I'm stating the markets are currently down 28-30% and I think there could be another 10% down coming in the days ahead and possibly another 20% over the next couple months. Would it surprise anyone? I don't think it will be as violent where we see 5-10% swing days but a more steady decline until impacts are more fully understood.

Hopefully I'm wrong and it turns around sooner. If we get some reliable treatments and social distancing is effective in slowing it down then maybe it's not as painful.

Good luck out there!
 
Nerman said:
I hate to make predictions about equities but I recommend being very careful in the market right now. It looks like today is going to be very GREEN and should close STRONG with all the expiring options and futures. After 3PM it could fly if it stays positive all day.

This could also be a major head fake though. It could appear the market has found it's footing and is ready to blast off. Overall volatility should decrease significantly after it's reset too.

But, California just shut their state down. Their GDP if taken alone would be the 5th largest in the world. Ahead of UK, India, France, Brazil, Italy, Canada, SK, Russia, etc. Other states will probably follow suit. Our Euro trading partners are closing down. The amount of coronavirus cases, and unfortunately related deaths, are about to spike in the coming weeks. The 'people' aren't prepared for this and you can see that in their daily actions. The upcoming job loss numbers when they come out are going to be a spike like we've probably never seen before. The list of reasons against the market right now are long.

I'm not trying to spread fear or doom and gloom. I'm stating the markets are currently down 28-30% and I think there could be another 10% down coming in the days ahead and possibly another 20% over the next couple months. Would it surprise anyone? I don't think it will be as violent where we see 5-10% swing days but a more steady decline until impacts are more fully understood.

Hopefully I'm wrong and it turns around sooner. If we get some reliable treatments and social distancing is effective in slowing it down then maybe it's not as painful.

Good luck out there!
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Well written
 
Well. Oil.

www.foxbusiness.com

Oil gives up gains from Trump's pushback against Saudi Arabia, Russia

Crude oil prices have crashed by as much as 63 percent since March 9, when Saudi Arabia slashed prices for its customers and lowered production in response to Russia's refusal to join OPEC in deepening output cuts.
www.foxbusiness.com www.foxbusiness.com

Dropped $3 in 3 hours

Call your boys and tell them to knock it off right now. You'll have more flexibility after the election (some of ya'll will get that).
 
If this ends up being true, I truly was foolish to buy DAL a few weeks ago. I'd do some DCA'ing but I can't because I don't know if whether they're going to do an equity stake or what. Equity stakes look like they eventually mean wiping out the shareholders.

www.cnbc.com

Trump says he would consider government equity stakes in companies seeking bailouts

Trump didn't specify which companies he was referring to but called out those that have bought back stock.
www.cnbc.com www.cnbc.com
 
GeorgiaGirl said:
If this ends up being true, I truly was foolish to buy DAL a few weeks ago. I'd do some DCA'ing but I can't because I don't know if whether they're going to do an equity stake or what. Equity stakes look like they eventually mean wiping out the shareholders.

www.cnbc.com

Trump says he would consider government equity stakes in companies seeking bailouts

Trump didn't specify which companies he was referring to but called out those that have bought back stock.
www.cnbc.com www.cnbc.com
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It's just talk, that would never fly (no pun intended)
 
Ok I am starting with $200
Any suggestions on some stocks I should buy and how many shares
 
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