Skip to comments.Investment & Finance Thread 2014 New Year(Mar. 3 - nexttime edition)
Posted on 03/03/2014 2:15:00 AM PST by expat_panama
Investment & Finance Thread 2014 New Year(Mar. 3 - nexttime edition)
This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here.
Open invitation continues always for input on ideas for the thread, this being a joint effort works well.
Keywords: financial, WallStreet, stockmarket.
fwiw, these are the returns on $1,000 since 2010 for various investments:
Incidentally, the plan is to include here a ----so let me know if anyone wants on or off this ping. Be advised that it gets posted only when I'm not feeling lazy and remember that we now know from studies that sloth is completely genetic and lazy people are the way they are because they were born that way.
Bottom line is I can be as lazy as I want and society is required to grant me all the privileges that industrious people claim.
Whoa --this morning's futures are like what they were talking about on this related thread --sharp downward (presumably) on Ukraine --or central banks. Some folks call this situation a great short market, others think of it like a 'buying opportunity', imho this looks like the kind of excessive volatility that I try to avoid.
The Ukraine crisis is already over, IMO, and Putin played chess while the Obama/Kerry crowd was playing checkers. In the financial world, it will amount to very little, IMO.
I buying opportunity to purchase stocks that are artificially pumped up with fictitious Federal reserve decimal points moved on computer screens? The market is 53% overvalued based on 10 year averages, and even that does not describe how precarious it really is (factor in debt, a worldwide Depression that we are fooling ourselves about, weak manufacturing, the looming retirement of millions of Baby Boomers, soaring health care costs, and on and on).
Shale-Oil Boom Spurs Refining Binge
Higher U.S. Crude Production Has Valero, Marathon Increasing Capacity
By Ben Lefebvre
March 2, 2014 7:19 p.m. ET
U.S. refiners haven’t built a major new fuel-processing plant since 1976, in part because of environmental regulations. But a flood of oil from Texas, Oklahoma and North Dakota has companies rushing to expand existing plants and build small new processors around the country.
Valero Energy Corp. , Marathon Petroleum Corp. and other refiners are engineering ways to expand fuel-making capacity at their aging plants without the cost of building entirely new refineries to take advantage of the increase in light sweet crude flowing from U.S. wells.
The gasoline, diesel and other fuels they are producing can either be burned in the U.S. or sold around the world because they aren’t subject to the export ban Congress imposed on crude in the early 1970s.
American refiners are set to add at least 400,000 barrels of oil-refining capacity a day to existing plants between now and 2018, according to information compiled by The Wall Street Journal and the consulting firm IHS. That is the fuel-making equivalent of constructing a new, large-scale refinery.
You forgot to put the “Slavery” directional street sign on the post, man.
Also, we need this link, “Why Investors should believe what they are told so they will trade in such a way as to make a profit for the poster of the link.”
Dow futures at -145 now.
I wish I could remember who it was that stated the economy was going to take a HUGE hit on March 4...
Dow futures -150.
mho too. As far as I can tell that chapter was closed with the Nov. '12 elections when American voted for a limp-wristed foreign policy. For us I'm thinking that we may be looking at mindless over-reacting on the part of traders.
Dow futures -160.
When nothing happens (as usual), we'll all have a good laugh and 'move on'.
Oops...March 4 was mentioned on another thread.
Ok, finally a little relief. Dow futures -153. Whew. We’re going to survive. ROFL.
Okay, now the Dow futures -147. I can get ready for work and actually go there instead of driving into a tree so my wife can collect my life insurance. :D
Wait, is that 53% and not 52% or 54%? Seriously, here's 120 of stock prices--
--and there're lots of folks that see good reason to believe we're over due for continued growth. My thinking is that for the long term I'm very confident that America will continue to prosper, and for the short term life holds many surprises...
lol --if you want a prediction that's guaranteed it's the fact that today we'll be hearing from tons of pundits saying that they they knew it all along and warned us way back when that today was crash day.
I don’t believe that. I’m retreating into my steel-reinforced concrete bunker and live like a hermit until the world as we know it comes to an end, or I die. Whichever comes first.
All you people who remain active and engaged and choose to participate in Life, and make the best of the situation...
YOU ARE ALL FOOLS!!
What I like to do on a day like today is check out the pre-opening bid/ask prices on my holdings to guesstimate the current values. That way I got time to think out strategies when I’m not in a hurry.
Dow futures -150.
Dang, and here I spent all that time this weekend on such a terrific 'buy-list'.
Probably Zero Hedge along with Jan, Apr11, Mar16, etc, etc, etc. Pick a date, they pretty much got them all covered.
100k bpd per year sounds at or below the average expansion for the last decade or so.
That’s exactly my thinking too, expat. The long-term trend is so obviously steadily upward, one would be a fool not to be riding it up. Backup plans for short-term reversals are necessary, of course.
The immediate shock reaction to this geo-political crisis is panic. Be prepared for a flight capital tsunami into the US “safe harbor” markets. Bear-Market madness is collective. Consequential recoveries are cummulative.
You’re probably right, at least I hope so. But, we have to survive 980 more days of Obama, and I have my doubts. I really do.
Good to see you. Been churning and burning since you’ve been gone. Now maybe I can make some money...
Here's what I come away with today. I've been looking at Vanguard on Scottrade but want to steer clear of S&P 500 index because of Soros. Emerging markets wouldn't be good now. Last night Bob Brinker practically yelled at a caller, Vanguard whole stock market. That made sense so I look it up. Well Scottrade doesn't have it any ore (I don't think) nor the Wellington fund. So forget that.
I watched Walgreens go from about 45 to where it was today, 68 something, down a little.
jc Penney's and Blackberry in play again. I don't want to risk JCP but BBRY I will keep my eye on it, made some on it then got burned.
Just about everything else looks overvalued. I don't want to spend all my time on stocks but will look into energy stocks. Also, I got more in divideds last year than I got in interest on more than 3X the money on my credit union account.
Dividends require you to be owner of record on a certain day. Then you can sell. Regardless, I see the overall advantage of dividends, hopefully with a good performer along with it.
I've been out for awhile and think I've kind of lost the feel of it.
I can't remember the stock code for Holly and don't want to log in to look it up.
One company I was in paid terrific dividends. It is a fertilizer company, RNF (not sure that's the right code) Renfro Nitrogen Fertilizer, probably is. When I was in, it was at 30 something. Then it started tanking. The dividend still paid but not 11%. Anyway, I got out of that at a loss. Told myself I'd buy back in if it got to 17. Probably did, I don't watch all the time. Today it was 18 something.
I'm always looking for promising IPO's, too. Made pretty good on 2, SCTY, XONE, and a reit I got out of fast at a small profit. Too many jumped on the first two and I don't play them any more for various reasons.
Please put me on the ping list!
--and a very good morning to all! Upbeat stock futures this AM support what SAJ was saying on another thread "Let this Ukraina flap blow over", at least as far as stock futures are concerned. Here are the headlines from MyConfirmationBias.com:
Ukraine Fears Are Temporary Thing - Brian Wesbury/Bob Stein, First Trust
It's the group (imho), for me the chatter from others doing similar work seems to make thinking easier. There are a lot of investing chat/groups but this one also has a lot of other common interest advantages.
Looks like it will be roaring back this morning.
yeah; futures still not quite as upbeat today as they were down yesterday but my personal approach atm is checking out possible new buy candidates...
Thanks for the 3rd link. Interesting data/timetable.
if I’m reading today’s numbers right it’s looking like we’re getting new long term highs this AM.
Huh, I hadn't really read it seriously until you pointed it out. What got me was the part "...in the broad scheme of things, the invasion had little
influence on the market..." Reminds me of how the market tanked right before GHBush sent troops to Kuwait and soared right after. I made out super on that one.
Yep. New record high.
V. Putin has said if sanctions are enacted then retaliation in the markets will be the result. I don’t know if Odumbo is likely to attempt any sanctions but with the market soaring this afternoon I sold half my holdings and bought some TZA as a hedge in case the Grand Caliph does something stupid.
Great news, nothings going to happen today with stocks because this morning's futures are flat! For me that's a welcome improvement over yesterday's strong rebound from Monday's fierce sell-off, donno about you young people but I'm getting too old for that nonsense. Seriously, the thing is that less volatility is typically bullish. Headlines:
Interesting. 100 years ago Russia was considered ‘the sick man of Europe’ and when they mobilized troops for westward armed expansion they got into a mess that replaced the entire Russian government.
—at huge cost to the rest of the world too...
A nice day shaping up here with futures markets in general upbeat and stock indexes even better.
Don't Bet Against This Stock Market - Lawrence McMillan, MarketWatch
The Insider-Trading Hysteria - Charles Gasparino, National Review
One of my buddies in our morning coffee group has been catching hell from me for the past year. He’s been predicting a spectacular market crash for over a year, and of course has been wrong. I tell him, in front of all the rest, that his bogus advice has cost me untold thousands in losses.
I say that he’s a perfect “contrary indicator.”
It’s all in fun of course, as he is retired, financially secure, and a local county commissioner who’s personal fiscal habits also translate to his votes on the commission.
But he never had the nerve to invest in equities, because they’re “too risky.” What he accumulated, he earned from pure thrift, interest on CD’s, and purchases of land. The land has some gas production on it, and timber harvests, so there is an income stream from it.
I’ve really enjoyed gigging him the past year about it all.
One day, when the market does correct, he’ll finally trumpet “I told you so!!”