First and foremost, this has been telegraphed for so long it will already be baked in...plus any rate hike will be limited to at most a quarter of I% and likely just a 10th of 1% . The FEDs and the government as a whole will not allow any correction at least until after the election and even then the odds of one are slim. As in the book "Tale of two cites` this is the best of times and the worst of times. Anyone on a fixed income that relies on savings accounts are out of luck while those that trade for a living or live off high dividend stocks are in the driver`s seat and will be for a very long time.
I have no doubt that the FED is priming itself for the next leg up for the markets. Used to be that the FED did not involve itself with market action...that seems to have changed dramatically. GO JANET GO!!!
Sentiment: Strong Buy
My feeling is that FCX is headed for insolvency. I hope not but unless we have a unreal turnaround in commodities and it has to happen soon, this company cannot continue in its present form.
Good point. I guess you probably remember "NIMBY" not in my back yard, that was so rampant a few years ago. I figure it'll come up again should what you posted comes to fruition. take care
Thanks. I have thought for some time that companies like Chevron should consider buying up large alternative energy companies because the writing is on the wall...fossil fuel energy is going the way of the Dodo bird. One good candidate would be a company like first solar or even getting their hands on Tesla. Just a thought. I wonder what energy source will dominate in years to come...how about cold fusion. Now that would be cool...
The Conoco's, Chevron's and Exxons of the world may even go out of business...
Same old refrain...always will be until rates start going up...and don't hold your breath for that happening anytime soon!
Thanks. I guess I have been listening to the CNBC's of the world too much lately. I don't always fall for their siren's song but in this case I did. The so called pros were bashing Intel the last few days and I went along. gltu
I can see the stock getting crushed after hours by 2 bucks and eventually going down under $25 by end of summer....so sorry longs...