Watching the markets

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GunnyGene

GunnyGene

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Anybody watching the stock and commodity markets? Futures way down this am, oil below $30, etc. Probably see some people jumping out of tall buildings soon. http://money.cnn.com/data/premarket/
 
Pat-inCO said:
GunnyGene said:
Probably see some people jumping out of tall buildings soon.
Click to expand...
As long as it's the ones that have been making so much money off of the
obscenely high gasoline prices . . . . . . :roll:
Click to expand...

Yup, another bubble created in the commodities market casino, supply and demand plus the realization that China is slowing down(or was it ever really growing???) has put so much downward pressure on oil prices that they are headed straight down again. Bad for the oil industry employees and some investors but, for the most part, good for the rest of the economy.
 
It's been smoke and mirrors for a long, long time. Reality was cognizant to those who understood and didn't drink the Kool-aide. This wasn't a matter of if,.. .it was a matter of when.
 
roarindan51 said:
I'm down 4 grand this month!!!
Click to expand...

You haven't lost a nickle unless you sell.... if you hang on long enough, it will come back (we hope).
 
wwb said:
roarindan51 said:
I'm down 4 grand this month!!!
Click to expand...

You haven't lost a nickle unless you sell.... if you hang on long enough, it will come back (we hope).
Click to expand...

This logic used to be (more or less) accurate, but unless you're VERY well diversified in the markets across many sectors, you can expect to never regain varying degrees of losses during these downturns. If you buy & hold, you stand a very good chance of seeing some of your wealth erode... Especially if you haven't re-allocated in a while.

Over the period of waiting for the market to 'recover', a lot can and does happen! Governments meddle with currencies & the markets, some companies go belly up when times get difficult, some companies restructure in response to market conditions, mergers and buyouts take place, and some technologies just evaporate. (Just ask anyone who was heavily invested with Blackberry for instance!)

It's a rodeo ride for sure... It ain't your father's market anymore!
 
Look at it this way; if your $50 stock goes to $30 and pays the same dividend, your return as percentage of the value of your investment goes up. Amazing!
 
growing up working Oil Patch, I firmly believe that if you have never pulled a wet string, fished for a broken tool downhole, had to fight a huge blowout or see what happens when heavy iron gets destroyed, you should have no say in petroleum policy in this country

$30 oil is killing my home town in Oklahoma
 
I don't have as much of an issue with oil dropping as I do with the failure of gas dropping in the same proportion.
Example; Oil costing $100 a barrel,,, gas was about $4.00 a gallon. So, with oil at $30 a barrel,,, gas is still almost $2.00 a gallon. Oil is 1/3 the price, yet gas is only down by 1/2.

I know that oil is one of the big commodities in the stock market,,, but it's not the only one out there. Diversify folks.

BTW; It wasn't that long ago,,, the market was crowing about topping 10,000 for the very first time.
 
Present Indicators:
DJIA 15,988.08 -390.97
NASDAQ 4,488.42 -126.59
NIKKEI 17,147.11 -93.84
RUSSELL 1,007.72 -17.94
NYSE 9,299.62 -216.93
TSX 12,073.50 -262.57
USD 98.94 0.00
Crude Oil 29.70 -1.78

Also note that crude oil is actually down a but more than indicated, meaning that "the dollar" has dropped since Thursday so it should be taking more dollars to buy a barrel....not less.

DGW
 
There are no reasons for stocks to be down. The economy is fine and growing. It is just fear and manipulation. Oil is down because of supply and demand.
I actually think now would be a good time to start adding to your stock portfolio.
Buy low, sell high. :D
 
Did you forget that the Federal Reserve is going or did raise the interest rate 0.25%;
It wasn't a "fine and growing" economy, it was bankers dollars stolen from citizens who got NO INTEREST on their savings accounts.
 
Colonialgirl said:
Did you forget that the Federal Reserve is going or did raise the interest rate 0.25%;
It wasn't a "fine and growing" economy, it was bankers dollars stolen from citizens who got NO INTEREST on their savings accounts.
Click to expand...

Good summary CG....it seems that you've been paying attention.

DGW
 
If I were a cynical conspiracy nut I would have to wonder if the Fed bothered to notice that revenue was down from fuel taxes and loosened regulations to increase the supply lower the prices encouraging consumption and the tax dollars rolling in...
 
Selena said:
If I were a cynical conspiracy nut I would have to wonder if the Fed bothered to notice that revenue was down from fuel taxes and loosened regulations to increase the supply lower the prices encouraging consumption and the tax dollars rolling in...
Click to expand...

You are close.
The FED doesn't openly regulate fuel, one way or the other. They do however, regulate the economy AND the markets by increasing (or retracting) the money supply and by fixing the rate of interest relative to what it cost the banks to borrow "dollars". What that means to this discussion is that the FED has been pumping-up the market by keeping interest rates at zero, or below(after factoring in inflation). Simply put, the FED knows from experience that the market blooms when they fix it so there's really nowhere else for investors to turn, which is exactly what's been happening of late. Problem is, all bubbles break sooner or later. This one began to break back in August, and just as everyone knew that it would, the FED's recent rate increase has only served to accelerate it.

By contrast, you can lay the increase in oil supply right at the feet of our not so friendly friends in the Mid East whom are purposely crippling our own drilling operations via their ability to literally flood the market with cheap oil.

All in all, I guessing that we're all going to be in for some rather cloudy days ahead, if not down-right dark. But hey, it's all just paper anyway eh?....the FED stole or real money decades ago.

DGW
 
DGW1949 said:
..the FED stole or real money decades ago.

DGW
Click to expand...

For sure, ever since the greedy bankers took over the money supply back in 1913 and then got aided by FDR grabbing all the gold and then Nixon taking us of the Metallic standard.
Remember when your paper moneys were SILVER certificates and you could trade ONE paper dollar for ONE Silver Dollar?
Now they are "Federal Reserve Notes" and about worth a pig fart blowing in the wind.
 
I retired last June at 53 with a very good pension and pre-59 1/2 funds invested one way whilst the post 59 1/2 funds being invested differently. My pension covers my costs, the pre-59 1/2 my "toys" and I have zero worries. I have complete faith in how I am invested.
 
Yawn. We had the black Monday crash in 1987. Before long the stock market climbed back above its previous high. As long as he was in the market an idiot could not keep himself from making huge stock gains during Clinton's two terms. We had the burst of the technology stock bubble early in 2000 followed by another run up. Next the major indexes lost 40% in 2008 only to run up again to the recent high. If you had bought an S&P 500 index fund or some other diversified stock portfolio at the peak of the "crazy run up" during the nation's exuberance over George H. W. Bush's stunning 100 hour triumph over Iraqi and sat on it, from about the mid 1990s on you would never have seen your portfolio go down to as low as it was when you bought it. It may continue down for awhile but life will go on and the stock market will rise again.

On a related but different topic Contender opined that gas pump prices should go down the same percent as crude oil prices. That would only be valid if refining, storage and transportation costs all went down the same percentage as crude oil prices.
 
Not wanting to scare anyone, but it seems to me that a lot of paper-wealth is disappearing of late.
As of 10 minutes ago:

DJIA 15,694.47 -321.55
NASDAQ 4,370.14 -106.81
NIKKEI 16,416.19 -632.18
RUSSELL 976.59 -18.28
NYSE 9,126.72 -175.02
TSX 11,747.50 -254.69
USD 98.90 -0.22
Crude Oil 27.20 -1.26

On the other hand, two old dimes can be sold for enough to fetch a gallon of gas, and one will still buy ya can of pork 'n beans:
http://www.coinflation.com/coins/1946-1964-Silver-Roosevelt-Dime-Value.html

To Contender's contention that high gas prices are too highrelative to the falling price of oil:
What the above link tells us is that in "real money terms" the price of gas is actually lower right now than it has been since the mid-50's.....which in turn tells us that it aint the price of gas that's out of whack with the price of oil, it's the dollars you use to buy it that's out of whack.

Just something to chew on.

DGW
 
k22fan said:
Yawn. We had the black Monday crash in 1987. Before long the stock market climbed back above its previous high. As long as he was in the market an idiot could not keep himself from making huge stock gains during Clinton's two terms. We had the burst of the technology stock bubble early in 2000 followed by another run up. Next the major indexes lost 40% in 2008 only to run up again to the recent high. If you had bought an S&P 500 index fund or some other diversified stock portfolio at the peak of the "crazy run up" during the nation's exuberance over George H. W. Bush's stunning 100 hour triumph over Iraqi and sat on it, from about the mid 1990s on you would never have seen your portfolio go down to as low as it was when you bought it. It may continue down for awhile but life will go on and the stock market will rise again.

On a related but different topic Contender opined that gas pump prices should go down the same percent as crude oil prices. That would only be valid if refining, storage and transportation costs all went down the same percentage as crude oil prices.
Click to expand...

That's true. But what's driving the markets now is fear, which is being stoked by media and the internet. Fear is contagious.
 
Jimbo357mag said:
There are no reasons for stocks to be down. The economy is fine and growing. It is just fear and manipulation. Oil is down because of supply and demand.
I actually think now would be a good time to start adding to your stock portfolio.
Buy low, sell high. :D
Click to expand...

Do you work for the Obama administration? The economy is anemic at best. Real unemployment is at record levels despite the cooked numbers the propagandists feed us. The only thing in your post of value is "buy low, sell high". If only it were that easy.
 
Boxhead said:
I retired last June at 53 with a very good pension and pre-59 1/2 funds invested one way whilst the post 59 1/2 funds being invested differently. My pension covers my costs, the pre-59 1/2 my "toys" and I have zero worries. I have complete faith in how I am invested.
Click to expand...

Who retires with a pension anymore?
 
jeffmb said:
Jimbo357mag said:
There are no reasons for stocks to be down. The economy is fine and growing. It is just fear and manipulation. Oil is down because of supply and demand.
I actually think now would be a good time to start adding to your stock portfolio.
Buy low, sell high. :D
Click to expand...

Do you work for the Obama administration? The economy is anemic at best. Real unemployment is at record levels despite the cooked numbers the propagandists feed us. The only thing in your post of value is "buy low, sell high". If only it were that easy.
Click to expand...

Jimbo has a crystal ball that allows him to time the market. :lol:
 
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