Thank you for sharing That's a 10. The presentation was perfect. They should not be allowed to do that. I knew JPM has the biggest exposure. They also carry close to $200 trillion in debt.
They leverage the markets the same way Banks should not be allowed to trade line that. We are allowing a few to control not just us but generations to come Using these derivatives us where they hide their wealth, as well as their losses. You and I can lose 5k and it hurts if they lose a billion it does not matter because they can take 1% and leverage another billion.
All of it is a ponzu scheme. Even Bernie Maddoff screamed that all of those banks were committing fraud think about big JD of JPM they want to put him in jail. JD will dime everyone out before he shares a cell wiith Bernie
From a technical point though there comes a day when we have to lay down our cards. Thus is a ticking time bomb
Let there be no doubt banks have all tge power now. They decide who wins who loses . Who lives and who dies. If you eliminate banks and bankers and all there hidden institutions you will solve the problem that has plagued man for 2000 years many men in history knew this Christ was the first one to speak up you see what happened to him. There are many others WW2 was about the removal of all the bankers and there horrible institutions. The bankers made sure we had tge best planes and tanks. They feel safe here because the have a giant hook in the side of your government the federal reserve was another back door deal
They are the only group of people that got wiped out in ww2 and in 70 years they regained everything they lost plus everything else. I could go on but I prefer not to
I have a clear understanding of the world
Getting raped doesn't feel good Fan I know you were all in look on the bright side if you can find one
I dove in at $45.81 bought 3000. Bought 3000 more at $46.90. Watched it ralley all the way to $46.35 and failed I bailed at $45. I could not believe it retested tge lows at 130 pm. And then finished out at the lows basically. There is nothing and I mean nothing holding up the last point all the way to $44.22. We will be back there tomorrow. We cut thru that we are at $40
And you will not have banks own large blocks of stock. This is what the banking bailout did. It gave the banks access to cheap money and they budded up all the assets. We should of let the likes of jpm Wells Fargo Citibank and the rest of them fail. You allowed a dying breed of people take advantage if you again
Electronic 96.84 +0.80 WTI
Crude Oil (Brent) 112.62 +1.17
There is your headfake. Brent will not open at these levels tomorrow. $110.00 will be the number
The market is in a mini correction or a full correction. I cant determine that yet However, if we open up down, we will be down 100 to 200 points. If we open up Thursday down we will be down alot, and forget about Friday. Lets see what happens here We all know we are over valued
Electronic trade of WTI is live and the prices are real. This indicates to me there is a break out of WTI to the upside. It will move very rapidly. There is no way the market is going to let all of this money get away. They will drop this puppy $.50 then $1 all the way to $2.33 and keep it there. This will make VLOs price $44.44 still respectable until the next squeeze on WTI on Thursday and Friday
Fan, upgrades come late to the party. Usually all they do is provide the stock a sugar pop when the stock is peaking giving institions an opportunity to sell, and newbies an opportunity to buy. Take HFC and MPC today they got slaughtered You are right tomorrow is VLOs turn
DIG you are right. We never have gotton a new FED Chair person and a monetary crisis did not erupt. We are 66% over valued in this market. The head winds are real strong
By the way, this was a risky trade. I saw a turn in the market toward solar stocks and took the lead.. If crude did not jump the way it did I would of never made the trade
I bought 5000 shares of CSIQ AT $28.20 I SAW CRUDE RISING AND SAW THE BREAK OUT. therefore I bought some solar. It paid a dividend today tomorrow could be different
See ah, I think the technicals will do more harm. VLO has had a good run. As of today, VLO makes $3 a share trading at a extremely high muiltiple. I always ask this question. How much are you willing to pay for earnings? $3 a share earnings and a $46 stock price? I would say this is a bit over the top for a refiner. At the peak VLO was making $10 a share and traded $55 to $60. VLO is no where near these earning levels. It always all about the money. Today you saw a break down in WTI if VLO hedged the wrong way.....I will see you at the woodshed.