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What is clear is that the banking systems are in trouble and they are giving out loans and earning nothing on their money. We have a long time before the next fed meeting.
I think a pretty clear message has been sent that there will not be any more QE in the near future at least until after the elections and Germany appears to be on board with this. Not a good environment to me investing right now. We can only hope that the we have a new administration I think.
It might not but we will see. Is it mandatory they make money? Their day has come and gone. The market should see a huge selloff soon IMO.
Doctors have patients:) I know most here are heavily invested with jbi, we all need the devils advocate!
I made that call months ago. Let's see what happens to oil first. I guess the 4th of July rally is not happening now.
Yes I did:) I would by LNG before jbii:) I've been waiting to see jbi take off. Still waiting.
I'm more concerned about a hurricane.
Obama is the middle east best friend. They want him re elected. Price is going down or he may not get reelected only up if a major gulf hurricane and after the elections.
It's great to be back:) I feel right at home now getting abused over a buck stock:) haha
Provided demand outstrips supply. Look what happened to nat gas!
So we have established that I am a dumbass:) I will wait for .50
I Agee with your rational though this is an election year and Obama has to get elected for the best interest of the middle east. Once he is reelected oil will rise again. Oil will retest the lows of 2009.
Dumbass? JBII? Those go hand in hand!
So, Oil to $50 or JBII to $5 first? Oil is heading in the right direction and JBII the wrong direction...
Bought ZSL, HCA, DNKN, FB this morning... Odd for me to be buying actual companies:/ HCA could fly if Obamacare passes....FB will easily run past it's open... Suffered serious selling out of the gate for investors wanting their money now vs. later.. Is there any doubt that FB is going to go much higher?
DNKN, they are only small potatoes in the industry that will catch fire. By far the best coffee and is a freak of nature cash cow business that never has to worry about collecting bills...
Silver is porked and ZSL is the best way to monetize it...
Hope all is well:)
JBII is still alive? :)
Exactly! Buying shit there that actually works is useless. Can you imagine the drugs they sell there? Probably all placebos!
Haha!! There is the other half of the store. You and Raw just built the perfect store and now you should run with it.
I go through there for some basic food items but I think their meats are awful. I think they skimp on actual grains of gunpowder in their bullets.
Yes, those are necessities especially the beer! There are a hundred thousand other items that are almost useless to most and just take up space in their castle:)
Agreed, when the laggers all have smart phones and understand the power, Walmart is toast and they will compete with Rite Aid If still in existence at all. Barnes and Noble along with Borders have already learned a big building lesson
Just passing through Walmart today and thinking to myself that at least 1/4 of the store can fit on a smartphone, 1/4 is junk that has no purpose and if you didn't have a grocery section you could probably place the useful contents in a small CVS size store.
It wouldn't surprise me if Walmarts are nothing but a big grocery store someday soon.
It's all about location in the right markets.
Good investment!
Home prices still falling at an alarming rate continuing the slide in wealth. Most can't afford to change the oil in their cars not to mention maintain a home now.
I wonder how many trailers are in the numbers as well?
She will be invited!
I might add a fourth deck and an indoor swimming pool after this run in silver is over. That should fuck up the neighborhood for decades! I will invite all the wives over for a swim as well:)
Your confused, you are a big Johnson and your neighbor will snap when he finds out you been snagging his old lady.
I Want to retire in the Carolinas. Asheville is one of my favorite areas.
Anyone notice silver recently? Going on one of those tear ass runs they go on. Going to make a new all time high in no time I think.
Stinky pinky today, are we now pumping pinkies here? I don't touch them:)
YOu are correct, most would prefer not to live that way but are either unable to contain themselves or victim to the outside forces that require living beyond their needs.
Living lean will always help but the Jones family next door aren't easy to keep up with.
Economies all over the world with few exceptions rely on people being people. Why worry about bills today? Why pay them back?
It is out of control and just looking at Mastercards double over the last year is a reflective of people. The only way to beat this is telling people "no more".
It is economics 101. The ones with the money, like the people I fly for drewl for economies like this while 99% of us rue at the thought of facing the next day.
Warren is too much up Becky Quicks ass rather than focusing on investing these days.
WB is turning into the Lebron James of investing
He "was" the greatest of all time. Today he told CNBC that we had a good economy except for housing. No shot Sherlock, the local governments and the energy companies are making it impossible to own a home for except a very few. It becomes a catastrophe when the owner actually has to replace an appliance or do a home repair. The average American is tapped out with no hope in sight. Most people have their entire stored wealth in their home living check to check. Without housing prices rising the entire ponzi scheme is a house of cards. Where would this country be without Apple right now. Most of the innovation evolves around their platform.
Thankfully the North had a mild winter or the situation would have been dire.
The national debt is out of control and the economy is good? It must be nice being Warren Buffet not having to sweat out a bill in his life.
It is hard saying, I agree to stick with safer plays with an itchy trigger finger. Might as well stick in the industries that people need and are tapping wealth.
I think until the debt issue is improved probably not much hope for any sustained recovery. Between the oil companies, health insurance and inflation that is surely to come we could slide backwards any time. The employment numbers are improving but many point out that the important number is how many peoe are actually working right now and it is going down. For the short term it is a recovery but what concerns me is that when gold and silver takeoff, it is usually followed by a market tank. We will see
Last month was heavily revised downward. There may be a lot of buyers out there but most get their mortgages tirned down for virtually anything. Banks dont want to lend their money that cheap for such a small amount of return over a huge amount of time. I would expect revision after revision downwards IMO. 2017 before any real affect on the inventory I think. Prices are going down as well and property taxes ramping up in a big way are other issues to contend with.
I think now silver is on it's way to all time highs. $34.5 was a tough nut to crack, there should be a lethal combination of fuel fire and compression to turn it into a rocket now. We'll see.
Yes, it is a lot of purse swinging:/ it is almost comical!
Anyway, I'm going to concentrate today on getting use to the new normal whatever the hell that is!
I almost forgot no politics.
Exactly, it is the same bunch that votes for Obama:)
Why let the banks have your money! Cash is king and if everyone paid cash and stopped getting fucked over by bad financial decisions then the system would naturally collapse under it's own weight and no need for the fed or anyone else. Too bad most want more then they can afford and the system is collapsing anyway.
Not much down side risk to silver maybe a couple of bucks cheaper. If it sustains over $34.5 then we could be off to the races. I think longer term much higher but there could always be something to get in the way. Silver typically trades at a ratio of 16:1 of gold and right now it is about 52:1. Even if that gap goes to 25:1 then it would be a huge gain.
Just like JBI, always waiting for the next price spike:)
The next time silver makes a run it will be enormous in my mind, probably in the $150/oz range being such a small market.
Not a bad time to start accumulating agq, ag, Exk as they are in sleep mode and growing in a big way. Could be an exciting investment if it pans out. Fwiw
It really doesn't matter any more, the end will be the same!
$5100 for the last 6 months, I just did the math for a year. Vs $9200 the prior year