yup, still here, doing fine. I don't post so much these days, as I trade very little. Just happy with my BRK and some blue chips. Taking a flyer on FXE,posted that a few weeks ago, so far , so good, but its risky. see you are still battling the madrassa :-)
they're on to something,but its not new.......unfortunately....lately the "manterruption" has started to open some eyes....I could write books on that one :-))
supply glut to some extent,but why ? Saudi's wont cut supply, despite OPEC opposition as they "owe" USA for bringing the war to ISIL, camouflaged by flying their own airforce on day 1 ,but haven't seen any action since. The bonus is, that it crashes the Russian economy, payback for Crimea.
it will end only when the impact to our smaller oil producers having to shut costly wells outweighs the benefits of cheap oil to the USA, and the general developed world economy.
Once again, we pay for cheap oil, in our military blood.
La plus ca change, la plus ca reste la meme chose......
I think I read in one of Lewis' books that over 80% of trading is accounted for by just a few major players,using computer algo's , so that would probably chime with your view.
The "non explanations" on oil prices falling and staying down are the ones that have me giggling the most.
never really dabbled in that, Sean. Straight buys and sells are more my line, with a reasonable divvy if I'm not buying BRK. I've dipped my toe in HAL,and I have a limit in on RIG. I did add recently to BP,more for the divvy while I wait, as they have recovery issues from the oil spill, and difficulties with Rosneft and Russia,but still a reasonably good company in the sector.
given my previous posting on here that I fully believe the price per barrel is being held artificially low, eg we are fighting Saudi's war against ISIS, they wont cut production to give us cheap oil, and the US/EU get the bonus of shafting russia and reducing their oil revenue.....yeah, I'm a geo-political cynic....I have started to look at the oil and gas sector. Stalwarts like HAL, RIG, BP (a tricky one) are appealing.... anyone else dipping their toes in here? The unholy alliance will bust at some point and oil prices will bounce back...
saudi's wont move on oil ,much to the angst of other OPEc'ers, cheap oil is the deal for action against ISIS, the saudi's flew a couple of show missions, but as usual we are trading our blood for their treasure.
added minorly to my BP in IRA....seems I do this every time below 43 when I look back at the last few years...oh well. div is good.
Hi HC, hope so too ! Sorry for delayed reply, retirement gets busier all the time :-))
Been lightening up a little more lately , detecting some softening , when the ads on "pay no interest till 2019" start in a place like Austin, I do have to wonder about how real folks are doing.......
property exploding higher, and when my brother was here in May he remarked that some "eating out" places were more as expensive as London prices. You can pay 12 bucks for a glass of pretty ordinary vino downtown...
Thanks Axp. I will look into it again. I really steered clear a couple of years ago, after Meredith's warning of crashes,but that may be irrelevant now. Good luck to you, your Grandma seems to be doing just fine :-))
I would say 65% of my equity is in BRK, and that represents about 35% of net assets. Net assets are difficult to define IMO, I dont count the house I live in,but I do count the other properties,even though I do not generate income from 2 of the 4 (family stuff) so although I count them as assets, they are,in effect liabilities,with costs,until I can sell and realize them. I did one purchase earlier this year to shift from equity to real estate, what mnemory did, but not in CA, and I use it on w/ends.I dont want to go further in this direction as its so illiquid. Both markets can crash as we've seen,but in that event, I'd like to retain enough in liquid form to have a chance at pulling out quickly. Unfortunately, I would like to find another asset class to invest in,but I see nothing out there, and I dont want to put more than a goodly year's costs into cash.....anyone else having the same challenge ?