Still in at about $1 base line below current price. Not worried. Things should start looking up when weather helps us this winter. Have a great holiday period everyone.
I lost $18,000 in treasuries over the last year and a half; even with the interest and div's. It appears there is NO PLACE which even resemble a safe haven for investors. Someone is making money in this market. It's not me. With the interest rate where it is, one can only avoid losing. Bummer is succeeding in radically transforming the US. We've opened the door now to some very destructive movements, most recent campus unrest, and others I can mention, but this post may be blocked. Let's hope and pray we don't get a third term, or worse.
I'm looking at what may be a bottom in commodities. So, I'm all in ready to ride it out. GLTA.
Not looking for positive movement before winter impact sometime late February. Too warm through 3rd week in December. Dividend better than interest rates. Believe Energy sector has bottomed, however still some layoffs taking place. GL.
Central Banks are strengthening the dollar to prop up domestic stocks, limit import impact, while driving price of gold and oil down. The pendulum will swing back after the Repubs win the election, which could initially hurt U.S. Markets, the deficit, and make for a Demo " I told you so" on Repub policies. Exchange rate policies are cyclical. Staying the course for now. Relief is nearly 2 years away. GLTA.
I stopped looking at it. It just made for a miserable day. Remember, you haven't "lost" anything until you sell while it's down. Recovery is coming. GLTA.
Been though this twice before; 50% in 1987, and 40% correction in 2008. This one caught me with my pants down as well. My only saving grace this time is that I have a lower entry point and will suffer a 25% correction. Too late to bail. Riding it out. My goodness. This one will be very uuuuuugly. GL everyone.
Bobby, I've been deducting a maximum of $3500 per year of sock losses for several years now, which are NOT 401K related through Fidelity Turbo Tax. Fidelity keeps a record of losses, which are deducted every year until the losses are consumed. Cannot deduct losses from 401K.
So, just how bad do you think the glut can get? Count the tankers parked off the coast of Louisiana and Texas, even now. No winter to speak of yet in the U.S. & no production limits to speak of. Probably more downside to come. We may see $20's. JMHO.
It's may already be in the works. OPEC can't dispense such pain on the world without someone eventually taking reckless action. JMHO.
Does anyone else sense wor ld ten si ons reaching a flash point? Does anyone else see where this is heading? Hunkering down for a long siege. Forget Stock Price. Just be happy with daily needs. GLTA.
Cash at this point is king. Riding out my third correction. I always came back stronger than before. We'll see if this one repeats. This one, I fear, will take a year or more, but probably not without collateral casualties. It's a good time to drill and prep wells for the recovery.
Look for bottom on the market. I thought the last one was an opportunity of a life time. Looks like we've been given another. GL.
Make no mistake. This merger was thoroughly dissected and studied. Shell will come out just fine with it. Positioning one self in a turn down in preparation for the come back is what its all about. Crude oil and Nat Gas will come back stronger than ever, and those companies that position themselves now for the run up will prevail.
Like I said before, this is the third "correction" I've experienced. I expected this one, but didn't fully leverage it. The timing of it is very similar to 2008, and I expect the retracement and bottom to very similar in duration. Just remember 7 year cycles. I posted something about that earlier, but won't mention why. All previous posts mentioning why was deleted.
All the best to all investors on this site.
It's not BG. It's the total global oil situation created by over production. Action will be taken on this sooner or later/