Someone got crushed the last 4 days. EPD too good a company to get crushed like that.
Housing bubble not so much (didn't see it coming until it ran him over).
When you can't lower interest rates any more and you have bought up 4 trillion of assets in a 17 trillion dollar economy it really becomes pushing on a string.
Maybe we should have called him "Pushing on a String Bernanke" instead of Helicopter Ben.
The stock market is fear and greed not rational thought. I agree with you based on growth of 7.5% the market should be much lower. The question is what can make the market go much higher from here and there doesn't appear to be much.
Wouldn't say I am super bullish. I am not bullish at all. In 10 years if you are netting 4 or 5% on your cost from stocks you should net 40 to 50%. If you are in Ts you won't get anything near that. That assumes stocks go nowhere from here which isn't a very good assumption but over the long run the odds they will be up from here. It's just math. The only problem for the FED to support the market at this point is that rates are already low and it has already bought up to 1/4 of the outstanding Ts so there is no mechanism other than allowing more bank leverage to juice the system. We are in unchartered territory.
I was able to get s-t cds at 5% back then. Now u r lucky to get .25%. Nothing is cast in stone. Good to remeber.
I don't know the bottom but the selloff has been nasty. The next ride back up is going to take a while but i think its going to be wild after the stripper wells and marginal producers are knocked out.
So you sell your stocks and go to cash or cash equivalents because the economy is bad. What happens next? The FED, which has been so interventionist it makes your head spin, sits back and lets the economy free fall like 1929 or they start printing even more money to prevent the inevitable crash? They will print even more money and eviscerate everyone who has gone to cash. WEB has some good writings on structural change in the economy and the funny money effects of the FED. When WEB goes to cash then I would worry.
David Winters was right. I was a CPA and I read the proposed plan and there was a sick number of stock options that were to be given away for a job position that could be run by a ham sandwich. You also have to do the math on how much equity is being given away as the price of the stock moves up because a disproportionate amount of the upside would be given to management and those shares would need to be purchased by the company on the open market at higher and higher prices thus draining both cash and retained earnings (equity). It is silly reading the comments to that article. Most of those commenters rag on DW because they do not understand the mechanisms of simple math.
Kara Sea would be huge. Putin likes XOM because XOM is for free markets and doesn't play stupid political games. How did sanctions work for the people of Cuba, North Korea, Iran ... sanctions are a joke. We should promote freedom every chance we get so those in other countries can only blame their own leaders. We could just say we would love to sell you anything you want but Putin won't allow it, or Castro won't allow it ... get the idea. They can't blame us that way.
If you hold COP here they will cut capex and maintain or increase divy. If you sell you have to make another decision. That is when to buy back. COP is one of the lowest cost and biggest E and P players and it has been managed well so far. This isn't a LINN or CHK. Yes. It might go lower or it might go up 3. Did you see WTI appear to stabilize around 85?
Yes. I can read financials. For 2014 there is basically no net effect. In 2013 there was about 10 billion. BP has cleared about 8 or 9 billion this year so far. Inventories will take a hit. BP is still better than any shale producer and much better than STO. Even TOT if you ask me. BP is oily so it got hit hard. BP and RDS should merge to make a global powerhouse. It has been discussed before and I think it is time to do it. PBR PTR STO EC and those gov't playtoys are never worth putting your money into imho. Cvx xom cop bp rdsb lead the pack.
SDRL is in big trouble. About 100 rigs need contracts in next couple years. Took small loss on it when it broke support. Plus Friedrikson plays risky leverage games imho. Good luck though. ESV is financially superior and that one is risky too.
U don't know me genius. I sold my real estate holdings before the crash and bought stocks when u were in the fetal position crying like a baby. Don't like u spoofing the real axpkocop. Get lost.