rb, sorry your TVIX got to you. Do you remember back about a month before oil started its crash? You and I exchanged thoughts on oil and I remember how 'sure' we both were that nothing bad could happen to the price of oil as it was in such demand. It's what's you're 'sure of' that loses you money. Now, we're sitting here 'sure' again that something is about to befall the market and send it crashing. The only thing I'm sure of these days is a quick turn on a profit. Not investing for the long term at this point. Taking my 2 to 5% 1 week trades and will be happy with it for now. Just playing the pull backs and trading on an up day ahead of the game.
div, If I remember right DHT stated they were pursuing a higher percentage of spot leases. Up to like 80%. The spot market always shakes up long term investors.
abe, I think it naïve to determine that illegal items such as guns and drugs are destroyed. It has been my experience that when gun turn ins are done by cities that the more 'collectable' guns are found to be lost or unaccounted for. Likewise cocaine. major drug companies surely profit from these collected illegal items. Where there is a buck to be made our government and others are at the forefront.
I think you miss my point. Illegal isn't 'illegal' when it comes to government. First they expound on Bitcoin being used for tender. Yet, when given the chance they turn right around and violate their own precept. And if you think the proceeds will actually be used to feed the hungry or fund the police pension, I'm sure it won't. Ill gotten gains always go to the ill gotten.
Read an article today about how the government in Australia ceased 8 million in Bitcoins during a crime investigation. Now, that part of the story doesn't bother me. What does is that Australia has determined that the use of Bitcoins is illegal and is not allowed in Australia. YET, Australia is going to auction off the coins and reap the benefits. Isn't this going against the very thing they've ruled against? I mean, isn't this a do as I say and not as I do situation. Two faced for sure in my book.
The XIV is getting very close to the point of failure. imo.Tuesday ( barring any weekend catastrophe) should be another up day. After that the picture becomes muddy. And, any substantial rise in the markets should be met with extreme caution.
Mark, I've stated before that I like NUGT at 55. Waiting for it again. Should get there as metals are coming under tremendous selling pressure. I expected a good run this week for the market as a whole. But the more it goes up, the more precarious it becomes in my book.
When no one wants to own an issue.............isn't that when Buffett has said to buy it?
With these up so nice this week it really bothers me that so many stocks are not reflecting the move up. I don't know, maybe it's the new 'Common Core' math at work here. I couldn't pass 4th grade math with what I know.
Kee, looking at this...................I'd say the charts are telling me the worst is over now. Which means a buy should be put in on it. Not that I think it'll rocket. But another buck up is quite possible in the next 30 days. And that would be a pretty good pop.
all rock'n up. Metals getting shot up and expect them to fall further. Oil, if it breaks below 47 it can go back to 43 pretty easily. Can't see any real reason for it to climb much more ( so that means it probably will, lol). Housing, home builders are sitting on a 'ton' of cheap land and could possibly sustain some rate hikes while eeking out a profit. Dollar looks to be ready to weaken some now. The 'too big to fail' banks are probably two or three times 'bigger' now than before the 2008 year. Why they don't sell for three times more than they do now surprises me. But the reality is that after 9/11 the market became a machine and the traders were fired out of existence. So now the all mighty government determines the ups and downs. We live in an alga-rhythm world now.
Div, kind of rubbing it in on the guy, aren't you? Thing is, we are seeing a top being formed. Whether it can break out to the upside is still to be determined. These issues are still in play over the next 3 weeks. After that a person should just wait it out until close to August when the market likes to tank.