|
If you're getting financial advice... from a pilot b!tch board... you're already lost.
|
Originally Posted by Chimpy
(Post 2047663)
Lol. Ok. Sell everything. Great idea. This way you can GUARANTEE you lose money. Sound investment advice.
I don't have a stockbroker. Anybody who does is lazy. I also don't "buy stocks", that's gambling at best. You want some advice, read" Bogleheads; guide to investing" |
Originally Posted by Name User
(Post 2047761)
If you buy mutual funds or ETF's guess what, you're buying stocks.
|
Originally Posted by CaptCoolHand
(Post 2047742)
If you're getting financial advice... from a pilot b!tch board... you're already lost.
|
By all means, stay fully invested and "get torched". It's not my money, it's your's.
Market crash robs $2.3 trillion from investors Friday Jan. 15, 2016 The stock market rout is starting to get really expensive — destroying $2.3 trillion from the market's top last year and $1.5 trillion in net wealth just this year. The giant companies that predominantly populate the Standard & Poor's 500 have fallen an average of 8.9% this year — which, when translated into dollars, is real money. Real big money. The S&P 500 is down 8% this year already — including another 2.2% Friday — in what's been one of the worst starts to a year ever. Since the market peak on May 21, 2015, the market has declined 11.7%. Market crash robs $2.3 trillion from investors |
SayAlt,
Do you think today's action represents market capitulation, or do you see further downside risk? What do you think of analyst consensus that oil is back to $50 by July? |
Boiler-
No, today wasn't anything close to market capitulation. That said, while major technical damage has been done to the indices, they are very oversold now, so expect to see a counter-rally before more selling sets in. Some important numbers coming out next week (CPI, Housing starts, Jobless claims) and the market will be closed on Monday (MLK day), but unless there are some major surprises I think the selling is about over in the short term. Not in the long-term. Enormous and historically unprecendented downside risks are present, and will be present for quite some time going forward. Here is the economic calendar... Economic Calendar - Bloomberg As for oil...purely from fundamental and technical analysis standpoints, no way to reasonably expect it to go back to $50 this year. Look at the horrible Q4 retail sales figures posted today. Consumers are saving money, not spending. This is economic contraction, which added to the over-supply of oil means that demand cannot be reasonably expected to increase as much as needed to absorb the over-supply and move the needle higher. Additionally, Iran is getting ready to flood the market with oil it has been under sanction from selling, but Obama's Iran Deal removes these restrictions. That will simply add to the over-supply during a time of weakening demand and put further pressure on oil prices. There are many major investment firms now forecasting $20/barrel prices this year, so I am curious to know what "analyst consensus" predicting $50 oil this year you are talking about. ?? That said, if....say....Iran and Saudi get into a shooting war (see: the recent escalated tensions between them since Saudi executed that Iranian cleric a week or so back), all fundamental and technical analysis is moot. Oil will skyrocket. |
Originally Posted by SayAlt
(Post 2047868)
Boiler-
No, today wasn't anything close to market capitulation. That said, while major technical damage has been done to the indices, they are very oversold now, so expect to see a counter-rally before more selling sets in. Some important numbers coming out next week (CPI, Housing starts, Jobless claims) and the market will be closed on Monday (MLK day), but unless there are some major surprises I think the selling is about over in the short term. Not in the long-term. Here is the economic calendar... Economic Calendar - Bloomberg As for oil...purely from fundamental and technical analysis standpoints, no way to reasonably expect it to go back to $50 this year. Look at the horrible Q4 retail sales figures posted today. Consumers are saving money, not spending. This is economic contraction, which added to the over-supply of oil means that demand cannot be reasonably expected to increase as much as needed to absorb the over-supply and move the needle higher. Additionally, Iran is getting ready to flood the market with oil it has been under sanction from selling, but Obama's Iran Deal removes these restrictions. That will simply add to the over-supply during a time of weakening demand and put further pressure on oil prices. There are many major investment firms now forecasting $20/barrel prices this year, so I am curious to know what "analyst consensus" predicting $50 oil this year you are talking about. ?? That said, if....say....Iran and Saudi get into a shooting war (see: the recent escalated tensions between them since Saudi executed that Iranian cleric a week or so back), all fundamental and technical analysis is moot. Oil will skyrocket. |
Originally Posted by alaskadrifter
(Post 2047874)
How much new life has this breathed into 50 seat RJs?
A better question is....are people going to be filling seats traveling by air on vacation this summer? Walmart is closing hundreds of stores and laying off thousands of employees https://www.yahoo.com/style/walmart-...140952700.html |
Originally Posted by SayAlt
(Post 2047878)
A better question is....are people going to be filling seats traveling by air on vacation this summer?
|
| All times are GMT -8. The time now is 10:22 AM. |
User Alert System provided by
Advanced User Tagging v3.3.0 (Lite) -
vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands