hey AH and others - no smelling salts, but darn cold here in so. new England. oil up to 3.80/gal. haven't been doing any trading, partly low on dry powder, but also real wary of the market moves right now. TSO, NE and CLF all underwater.
"The proposed Keystone XL oil pipeline from Canada has cleared a significant hurdle after the State Department raised no major environmental objections to its construction"
agree with both you and Pole 9above0 about needing to watch the rates. 5* here in so. new England and waiting for a heating oil delivery ($3.70/gal). and that is the cheapest around. If Pole/Harry Dent is correct, then we all have about 3 months to make some acorns and then hold the dry powder. I also think this current market gyration is not the "correction" all the talk is about.
morning, AH. my screen show the 10 yr up 2 basis points this morning. I'm not thinking deflation, se have a long way to go. but yields have be going down since they topped over 3%, which was a crazy rate. I too am hold my bonds for the future appreciation and diversity in the portfolio. Been saving me lately from big moves down on the total investments. That and GNMA.
I thought they also owned and operated both oil and gas pipelines. there is going to be a huge push for NG distribution systems across the country, particularly in the northeast. if they aren't in that business, then I guess they don't profit.
never too early for a cocktail, tt. Good idea. I think I'll have a Harpoon ale. I hate speeches also, especially political ones because they say nothing of substance, only possible policy issues. Need to address the poor, the disenfranchised, the slipping middle class, the immigration issue, the infrastructure issue, just to name a few. But, POTUS won't with any substances, only platitudes. But I don't know who will. Infrastructure, may be a play for NSH. What do you think, AH?? bottoms up!!
thanks for the correction avi. Must have been thinking about the fruit company at the time. They are having a tough time today.
morning commander. POTUS will say all the right things to get more Dems elected in Nov. will basically #$%$ on the Repubs for their inaction, and will tell the middle and lower income Americans that they will see better times in the next 2 years. Immigration and infrastructure will be topics. He's going to just circumvent the House when he has to. Uncle Benny can't say much here except to continue the lowered QE. And that the economy continues to see improvement, although not enough to reduce tapering anymore that it is; and interest rates will remain where they are for the foreseeable future. imo
dan - if you believe Casablanca Capital and their prediction of $453, you should certainly be above water before then. glta CLF longs
Galaxie, Dan, surfer, D, others - if you still hold CLF, some potentially great news on the wire this morning. major investment firm proposing a host of changes to boost shareholder value. check it out on the CLF yahoo site.
for all the longs on this board, commander, we are not budging just because of this bump in the road. matter of fact, it does present a buying opportunity for anyone who still has cash. need to use caution though if anyone thinks about cashing in living expenses (retirees??) and buying here 'cause it can an probably will go lower I the next week.. thanks for the heads up about the A-whole short flies.
hey fan - is that retail or wholesale. I'm getting ready to load my tanks here at my house but have been waiting to see what the Iran effect does to the price of oil in general. Then distillates follow.