$14 - I like your way of thinking!
Seeking Alpha recently had an article that was a knock on NMM. People keep incorrectly doing the math on the old ships while ignoring both the new ships and the future ships that are coming on line. Their math of course convinces them that there has to be a dividend cut. I guess that's why they go short. But the fault is not in NMM but in themselves.
Nice - $11.14 close. Still stuck right in range waiting for the run to the dividend.
YES BUT, again an attempt to take out $11 is failing. We look stuck in a tight $11 to $11.25 range. We can't hold below $11 and we can't hold above $11.25. I wouldn't be surprised to see us go right back up to $11.20 and sit there flat.
I was disappointed that we failed to break through the $11.25 resistance level on the attempt this morning. Evidently so are others.
This appears to be great news for the shippers:
The establishment of the AIIB coincides with China’s “New Silk Road” plan to boost trade and economic relations with the rest of Eurasia, as well as Africa, in part through the development of infrastructure around the region.
Inside China, the government has being spending heavily on infrastructure, and the AIIB will provide a platform for China to export its capital, labor and experience in infrastructure-building to emerging economies around Asia, according to Jin Canrong, deputy head of the international-relations school at Renmin University of China. This, of course, would be helpful to China’s economy.
People's Bank of China Gov. Zhou Xiaochuan said monetary easing by major central banks was driving up the U.S. currency, while adding that he saw "more room" for China to further ease policy if the economy remains soft and inflation continues to weaken, according to comments carried by Reuters. Zhou also warned about the threat of deflation in China, saying the slowdown in consumer-price gains was a "little too quick,"
Excellent failed sell-off today with a break below $11 soon bought. There is still enough time for NMM to close positive for the day. I like it!
I'm fine with sideways trading until we get closer to distribution time.
And what of Iran. Wasn't it better having Iraq holding Iran in check? Instead Bush destroyed their natural enemy giving them a clear playing field. Bush foolishly strengthened Iraq. Neither Bush nor Obama have plaid the game well.
Hoffman .... Not everyone who was against the war was "liberal." Colin Powell who said, "If you break it - you own it," was no liberal. Those of us who saw the lies abut WMDs and Bush's rush to war without an exit strategy; fault him not because we are liberal, but because we are conservative. We didn't believe in the new policy of "nation building," especially in a Muslim nation where were hated.
No one denies that Saddam was awful. And if the people wanted to have an uprising to overthrow Saddam let them. But Democracy forced by outsiders at the end of a tank barrel is no Democracy at all. And as a conservative, I see nothing in the Constitution that says that we should be forcing Democracy on Muslims.
And no one is dissing any soldier for doing their duty. Instead true Conservatives are only asking if being forced to be the policemen of the world should be forced upon them as a proper duty.
Also as far as your accusation of "liberal delusional ideology;" I am instead in the Machiavellian Realpolitik camp.
We are not the policemen of the world. Attempting to be such cost American lives. As bad as dictators are, sometimes they are preferable to chaos. That's not "liberal" thinking - that's accepting reality.
I'm not defending the Obama administration. They made the same mistake in Egypt and Libya as Bush made in Iraq.
And no one said that Saddam was a good guy. He was in fact our bad guy until he misunderstood what our ambassador told him.
Our adding 211,000 more Iraqi deaths to Saddam's is nothing to be proud of.
Bush temporarily stabilized Iraq. But twas only for a moment. The invasion of Iraq upset the balance of power in the mideast. It was much better having Iraq and Iran in a stand-off. Which is exactly why the CIA supported Hussein.
While we may believe in Democracy; it can't be forced. A strongman almost seems to be a necessity in the region. Look at the chaos in Libya since Gaddafi was over thrown. Creating a power vacuum in a radicalized region is dangerous.
Obama could have continued to poor trillions into Iraq as Nixon did in Vietnam. But the real mistake is in lighting a power keg in the first place.