Agree with you. This is just the beginning of an escalating ugly regional event. Oil production won't be cut back voluntarily, as oil export terminals may suffer collateral damage from the fray of conflict.
Wishful thinking, the saudi's will not cut production until their stated goal is achieved. The scenario of sanctions lifted on Iran could lower crude prices while putting more crude on the market, as stated already in the media. Recall that if the lifting of sanctions is part of the Bad deal according to Israel, don't expect this to last very long. As BiBi stated, Israel would act alone if necessary to prevent an established nuclear Iran, and there is no telling how that would change the middle east or its effect on world markets. Maybe if our president offers the Iranians enough jobs, cell phones, or entitlements, they will change their course and ideology, and all this doom and gloom will be averted.
20% of 401K is in starting early last week. Thanks and good luck to all.
Europe to outperform this year. Lower crude price on the way is what I am hearing. Now lets see what the Iranian agreement produces. GLTA.
Things still nasty in the industry. Maybe with better weather in the US, we will get more autos on the road and burn off some of the crude stock pile. Crude prices could go lower if the US-Iranian agreement allows Iran to market their crude. I am totally out.
Think we haven't seen the worst of it yet. Industry is still laying off workers, and tankers are still anchoring off Galveston. GLTA.
Consider this gentlemen; This is the way I read it after listening to the speech to Congress earlier this week. This is no small matter, and I don't feel there is political bluffing in in the message. IF, and only IF, someone we know is possibly one year away from attaining an NB according to an assessment, and IF the U S is not willing to take TIMELY action; It was stated in the speech that this one country would have to go it alone if need be. This M E country was not afraid to do so. These are not my words gentlemen. These words were broadcasted on every major news site. If this comes about, what position should one take as a result? Recall that the country I'm speaking of DOES NOT preannounce its intention prior to taking action as we do. We could awake one morning with it already in progress. Not sure what you all think about it. I feel we are on the path towards a reckoning. How would the market respond?
I hope I've masked this message enough to allow it on the board. All the best.
Really enjoying Houston and the area I'm working in on the west side. Wouldn't trade my current position for the sewer in New Orleans even for double the salary. No doubt there are bad areas in Houston also. I see it on the daily local news, but haven't seen it where I've ventured. However, I'll put it this way, one doesn't have to be watching his foot placement when walking around in Houston for fear of stepping on human by products.
As for as the markets, I'm taking a breather and holding on to my current distribution. One used to find 4-6 clear useable swing trade opportunities per year. It's not that defined today that I can tell. Maybe I'm just getting old and too conservative.
All the best to you.
Good morning Bobby.
I agree with you that this is getting a bit unnerving. However, Its just a natural outcome of shaking the tree to see what bad fruit will fall. The strong will survive. The weak will get consumed followed by an Alka Seltzer or two. No panic in the masses yet. There is plenty of work still getting done for productive workers. What I'm hearing is that the stage is being set for a nasty upswing, so enjoy your savings at the pump while you can. I haven't seen this many tankers anchored off Galveston since the '70's. So, I believe the cycle will turn.
Life will go on.
I'm still holding, pretty much ignoring my fund while busy working. I've seen 4 of these dips in my recent memory. It will come back. Works the way at the Black Jack Tables if you play long enough.
Good luck to ya. Stop by when you are passing through.
In a holding pattern looking long term. Short term trend trading hasn't work for me like it had 4 years ago. The market is too volatile being manipulated by media and geo-political issues. Every little thing is so blown up into extremes. I've turned off the TV and starting to live a better life by working on my bucket list. Oh, what's this talk of $200/bbl oil? Still following the board once per week. GL.
Will see March 2009 levels again? Holding current shares and forgetting that I even have an account. Wake me up 5 years from now. Should recover by then. GLTA.