Just kidding. Merry Christmas & Happy New Year. You too skiidady, you contrarian gold mine.
Drop them a quarter or two as you pass them on a cold street corner for a hit of Thunderbird, a fine wine....OK, a wine but with a fine buzz. Merry Christmas to you especially Mr. Ski, a goldmine of contrarian advice. If I run into you, I may slip you a fiver.
Buylowwv, I'm hoping skiidady will make a New Year's resolution to end his nonsense posts. There may be hope for the boy yet.
Looks like my old pal skiidady has taken to stalking me & giving some thumbs down--Syb, does that count as a contrary idicator appearance by skiidady?
A "black swan" may be out there for the bond market. Will it be a dollar crisis which spurs foreign selling, an unexpected inflation scare, or something else? All I know is that treasury rates have never been lower since the 1950s. Can this continue? Maybe, but I would suggest tight stops under long positions.
You're not fooling anyone "skiidady"--you're the one who gave the thumbs down & you're the "stalker" troll coming over here to give the thumbs down. I don't waste my time giving you thumbs down.
$5 away when potential losses are maybe $25 if treasury rates rise even to 3.5%. I'd be scared sh*tless to be long treasuries at these prices, which has marked the top in the past. Think about it--even at the worst of the 2008 crash, when it looked like a depression loomed, rates were no lower than they are now. Time for some profit taking, I humbly submit, as does the astute James Grant.
The crowd is still fearful, looking down. What happens if prices start rising instead.....oodles of short covering & long buying to be done I would say. The bears haven't factored the enormous demand for silver in solar panels, nor have they factored the huge hoarding demand coming out of India & China. Silver could be a rocket ride in 2015!
Supportive of rally in oil.
Don't make the mistakes of the past--buy some oil so you have a cheap feestock going forward.
If I were a refiner, I'd be looking to lock in the current low oil prices by buying futures right now.
Something to ponder.
Maybe the selloff is anticipating a rally in oil off the lows, that is a higher cost of the feedstock for the refiners? Oil is deeply oversold, which means that the refiners that dpend on cheap oil could be overbought?
USO never broke below $24. Put another way, the recent low was almost 20% below the 2008 "depression" low. So perhaps this is the start of more than a "dead cat" bounce. Too early to say bull market--I'll settle for a decent bear market rally that corrects 0ne thord the decline from $100+ to $20--say a move to $45??
Syb, wth your multimillionz why turn to p'hub? Plenty of nice 20-something ladies out there for one hour "dates".