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Very nice!
That's true about sugar coating earning, but the spx is value to high with the way earnings have come in and from what they're expecting to come in for first quarter. 18 to 1 earnings valuation should be closer to 14 to 1 right now. Also a lot of breath right now on many companies very close to filing the big 8 and closing the doors. Today might have been the high of the year for spx imo.
Good luck all, Learner.
What the heck is that?
All indicators imply oil should be goiog down, yet here we are.
Don't get me wrong. I'm in the $20.00 camp, just as surprised as you oil's running.
Storage is at its highest level. Supply has to sell to service the debt. Demand is being reduced with more efficient methods and equipment.
As I post oil is up .87
Am I looking at this wrong?
What's reality?
Come on Ottoman. That was kind of funny, but try to keep on topic.
Oil and the S and P have ran up ridiculously fast, for no reason.
This graph shows US oil going from peek 9.7 To 8.3 mil. and stabilizing. A loss of 1.4 mil a day.
Link: http://www.trunews.com/art-berman-30-50-of-u-s-oil-companies-bankrupt-in-2016/
Iran is going to add at least 1.1 mil. a day more than they are today, as fast a they can in my opinion.
Link: http://www.reuters.com/article/us-oil-iran-freeze-idUSKCN0WF049
This run up in oil prices just can't be sustained.
These two are connedted and going to move together.
Learner.
This graph shows US oil going from peek 9.7 To 8.3 mil. and stabilizing. A loss of 1.4 mil a day.
Link: http://www.trunews.com/art-berman-30-50-of-u-s-oil-companies-bankrupt-in-2016/
Iran is going to add at least 1.1 mil. a day more than they are today, as fast a they can in my opinion.
Link: http://www.reuters.com/article/us-oil-iran-freeze-idUSKCN0WF049
This run up in oil prices just can't be sustained.
This graph shows US oil going from peek 9.7 To 8.3 mil. and stabilizing. A loss of 1.4 mil a day.
Link: http://www.trunews.com/art-berman-30-50-of-u-s-oil-companies-bankrupt-in-2016/
Iran is going to add at least 1.1 mil. a day more than they are today, as fast a they can in my opinion.
Link: http://www.reuters.com/article/us-oil-iran-freeze-idUSKCN0WF049
This run up in oil prices just can't be sustained.
That would be a blessing. Eventually it's got to start flowing out the top. You can't just add forever.
UWTI announced R/S today. Anyone think it matters?
I don't get it either Hawk. Can't last much longer I think. It's riding billion dollar fluff right now it seems.
You kind of lost me there kamadiri. We've never had inventories this high that I can remember or as many oil producers so dependent on the revenue from their oil.
It's like most people as soon as they get a raise they take on another debt because they can cover it. Then the bigger income ends and the debt is still there needing to be serviced.
The thing is it's global now. So many producing countries can't cut production even while they're loosing money doing it because they got use to the higher paycheck thinking it's only going to get bigger.
Don't get me wrong, I want to be large in UWTI when we find the bottom, but it just seems to reason that huge pain is at big oils heels right now.
I might be wrong. I might not. We'll see. Learner.
Not to mention oil in rail cars parked. If this continues there won't be anymore rail cars available to store and park, or ships to float off shore waiting for an already topped off storage facility to receive it. If we do end up seeing oil going straight to market...Wow!
I thought the same thing about Obama.
A president that doesn't have to cave to the institutions that paid to put him or her in office. How refreshing.
I hope so. I jumped into this and UVXY at the very worst time Wednesday morning. Bag holder from the get go. Oh well, still believe new lows are in the cards for oil before price recovery.
I am on the same page as you. I almost bought dwti twice today. Tomorrow at the open most likely. uwti will be a good hold, but I think we see new lows for wti before huge gains here. JMO.
Good luck, Learner.
I"m out of TVIX until middle of March due to some of the shares I sold I had a significant loss on. Long term holds if you can believe that, but I did buy enough lately that I did very well on so I didn't get hurt, just need to be able to offset the gains so I'm looking to trade with other vehicles for now and wti seems to be the baby for now. That and VXX I guess. TVIX does seem to be priced at a close watch/buy right now. If I could buy TVIX right now I think I would wait until I saw the s and p start drifting down again first. Although I was holding a 1000 shares at 8.27 and 1000 at 8.79 that I sold for 12.50. This thing like you know can have huge gaps up and down from one night to the next morning. Today very well could of been a great day to buy. We'll see.
I still think oil is the largest driving facter right now for the markets and the vix. I sold all of my tvix on the 11th about 5 minutes to late. CNBC went to commercial right when opec announced it was considering working with Russia on freezing output and TVIX went from 13.50 to 12.50 in just a few minutes. Once I herd that was what was making the market change is when i sold.
This morning I was very close to buying dwti at 230 and didn't and almost bought at the close for 236. What are your thoughts on dwti right now? I would like to hold a large position of uwti for a long term hold, but not until it gets around 20 a barrel.
Just sold on Opec news.
I'm still enjoying the ride if that's what you mean.
Fairly controlled fall in the indices so far. Similar to the Great D! I don't see any evidence as to why oil shouldn't keep dropping. Next Monday China might shed %10 at the open to catch up with this weeks downturn. Although oil is holding at around 27.
Good luck all.
Tomorrow is going to be one heck of a ride for TVIX if things continue as they are right now in after hours. Oil has a 26 handle and indices are tanking. Hong Kong is coming on line shortly and is projected to be down large.
I was really surprised to see you throw it in after you held through being down over a buck and then to double down when you got back to even. I don't blame you one bit for selling, just a little surprised.
I had to work all day today so I could only see the ups and downs in the market. Seeing what oil did today, the markets should of been down huge. My target is a lot higher than 12$. That's just me though. Seems many are out of position here right now. The rhetoric seems to show many's position here.
Good luck to all, Learner.
I have not seen that here yet 3kids. Thanks. We're only about half way to where we're going to be. IMO...
Oil seems nervously unchanged pre market so far. Hope we wake up to it being down huge.
Kim Jong Un launches a missile today into orbit, capable of hitting anywhere. Scary!.
Kim Jong Un launches a missile today in orbit, capable of hitting anywhere. Scary!.
Nikki down -3% Shanghai down -1.5%.
Quiet considering the circumstances
Except oil was over $100 a barrel then. You just can't ignore the hurt that's being laid down right now to the extreme richest in the world. I think it's sweet justice.
That's awesome Weed. I thought I had a set a klankers holding 4K, but that sure doesn't hold of candle to your cannon balls you've got swinging.
I think oil is just getting started and new lows are coming before we see an equalization of supply and demand.
Good luck to all, Learner.
Weed, are you holding 50 K shares now?
29 handle on oil.
Why do you think that?
Bad ISM numbers. Worse since 2008.
Thanks DWP.
Oil. Why did oil run up with Russia saying Saudi is going to cut production. No one is going to lessen their income (reduse supply)!
Added 1000 shares $8.67