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  • Posts: 1,350
    I lost a BMW today.
    'I know I was born and I know that I'll die, the in between is mine.'
  • Posts: 2,855
    I’ve stopped looking at mine ..
    Bad day.... this will take away from future long pj trips... 
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • Posts: 2,855
    dignin said:

    Peter Tertzakian: This crude war is about a lot more than oil prices and market share

    For oil companies that didn’t take precautions after the last price war, this one is likely to be deadly

    The coronavirus preys on the old and frail. Price wars kill off the weak too, in a corporate sense.

    Both scourges are ravaging the global oil and gas business, with little visibility on how or when things will be resolved. Market death. That’s what happens to weak companies that succumb to low product prices.

    The Russians know this, which is why they pulled the “plus” out of the OPEC+ last week. By breaking rank from the price-protecting cartel, they signalled intent to take down their nemesis: the American oil and gas industry. I can envisage Vladimir Putin opening his desk drawer and pulling out his specially embossed copy of Sun Tzu’s The Art of War.


    To Russia, this price war is more than just about regaining market share for oil; it’s about assaulting the Western economy, especially America’s


    The Saudis, reportedly angered by the Russian move, pulled their own quotation out of Tzu’s battle notes: “In the midst of chaos, there is also opportunity.” So now, instead of offering any production cuts, two of the three largest oil-producing countries are flooding the market. Already, a barrel of oil is selling for less than a bottle of black-market hand sanitizer.




    https://business.financialpost.com/commodities/energy/peter-tertzakian-this-crude-war-is-about-a-lot-more-than-oil-prices-and-market-share
    good read...tks for the share
    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • Craft Beer Brewery, Colorado Posts: 11,385
    People totally disregard that fact! Baffoon administration totally gutted the program put in place by Obama when the Ebola outbreak hit 
    If stephen miller or sean hannity had whispered in his ear that President Obama loved guns and hated abortion he would have made guns illegal and abortion would be legally safe.
  • Posts: 41,331
    So I’m expecting full on panic at the markets today. 

    Complete sell offs. 

    That recession that people said was coming is Here. 

    Just quarantine the whole damn country and get this over with already. 
  • Posts: 41,977
    So I’m expecting full on panic at the markets today. 

    Complete sell offs. 

    That recession that people said was coming is Here. 

    Just quarantine the whole damn country and get this over with already. 
    Dow futures are up. It sounds like you’re bitter, adding to the hysteria.
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  • Posts: 30,879
    Dow futures are up. It sounds like you’re bitter, adding to the hysteria.
    It will be up and down all week.  My guess is the week closes around 22500 to 23000.  I don't think we've hit the near term floor resistance.  The news says "after Trump considers stimulus", but the senate is already cool to it and the House has called it a non-starter.  So I don't know that a payroll tax cut is in the works. 
  • Posts: 44,296
    mrussel1 said:
    It will be up and down all week.  My guess is the week closes around 22500 to 23000.  I don't think we've hit the near term floor resistance.  The news says "after Trump considers stimulus", but the senate is already cool to it and the House has called it a non-starter.  So I don't know that a payroll tax cut is in the works. 
    so where DO you see the floor being?
    _____________________________________SIGNATURE________________________________________________

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    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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  • Posts: 49,590
    So I’m expecting full on panic at the markets today. 

    Complete sell offs. 

    That recession that people said was coming is Here. 

    Just quarantine the whole damn country and get this over with already. 
    Sarcasm? Futures are up...
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  • Posts: 49,590
    edited March 2020
    mrussel1 said:
    It will be up and down all week.  My guess is the week closes around 22500 to 23000.  I don't think we've hit the near term floor resistance.  The news says "after Trump considers stimulus", but the senate is already cool to it and the House has called it a non-starter.  So I don't know that a payroll tax cut is in the works. 
    Yes.
    The problem has always been (for his entire adult life) that Donald Trump has the shortest view in the room. Way too focused on daily movements of the stock market---the opposite of what investors advise people on.
    He over sells and under delivers. He's actually a horrible salesperson when he is selling to informed buyers. The uninformed deplorable base lap it up though...
    Post edited by The Juggler on
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  • Posts: 30,879
    Sarcasm? Futures are up...
    I actually agree with tempo.  The futures are up, but I would bet on the end of day numbers to be down.  it's just going to be a roller coaster for a while. 
  • Posts: 30,879
    mickeyrat said:
    so where DO you see the floor being?
    Geez I don't know.. maybe 20?  It's so hard to say.  I think the panic is well placed.  I have to believe many companies will miss earnings for Q1 and probably Q2 as well, depending on how long before the cases flat line.  
  • Posts: 44,296
    edited March 2020
    mrussel1 said:
    Geez I don't know.. maybe 20?  It's so hard to say.  I think the panic is well placed.  I have to believe many companies will miss earnings for Q1 and probably Q2 as well, depending on how long before the cases flat line.  
    I am ignorant of all this stuff but it seems to me to be this needed market correction in line with Obama era numbers?

    08 we drop to 7k or low 8k right? end of obamas terms we are are 18k. so we go from there to a high under dipshit to 29k after the cuts went in effect?

    if that is true then your guess of 20 puts it in line with where we might should be?

    or should I just stick to driving?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Posts: 49,590
    mrussel1 said:
    I actually agree with tempo.  The futures are up, but I would bet on the end of day numbers to be down.  it's just going to be a roller coaster for a while. 
    Watch them go down after they realize Trump doesn't have a coherent plan...
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  • Posts: 41,977
    And this is what passes for leadership these days. Yea, steady at the helm.

    https://apple.news/Atgd8hbqUS5WtRXSZtcO6RQ
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  • Posts: 1,350
    Here it comes baby.

    We'll be in the red by lunchtime.
    'I know I was born and I know that I'll die, the in between is mine.'
  • Posts: 6,499
    Watch them go down after they realize Trump doesn't have a coherent plan...
    Let’s hope so, I need a good sale!
  • Posts: 49,590
    PJPOWER said:
    Let’s hope so, I need a good sale!
    well maybe tomorrow
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  • Posts: 1,350
    The world is on fire.
    'I know I was born and I know that I'll die, the in between is mine.'
  • Posts: 41,331
    Sarcasm? Futures are up...
    2008 was down then rally, down then rally.  If we see that happening again let's talk more.

    Oil futures have nowhere else to go but up, they are lowest I think they will be.

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