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  #961  
Old 03-26-2020, 03:01 PM
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Looked like mostly buying volume, not a ton of selling
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  #962  
Old 03-26-2020, 06:33 PM
MooseRiverTrapper MooseRiverTrapper is offline
 
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Going to see record lows yet?
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  #963  
Old 03-26-2020, 06:37 PM
pitw pitw is offline
 
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https://finance.yahoo.com/news/us-lo...152034654.html

Giver guys.
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  #964  
Old 03-26-2020, 06:42 PM
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Meh, if they turn from millionaires to not millionaires over this they were never ultra rich. Doesn't take much to be a millionaire now a days. Another fluff article.
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  #965  
Old 03-26-2020, 08:18 PM
Buckhead Buckhead is offline
 
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Meh, if they turn from millionaires to not millionaires over this they were never ultra rich. Doesn't take much to be a millionaire now a days. Another fluff article.
A bunch of homeowners trying to save enough for retirement.
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  #966  
Old 03-26-2020, 08:37 PM
thenaturalwoodsman thenaturalwoodsman is offline
 
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https://oilprice.com/Latest-Energy-N...s-Per-Day.html
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  #967  
Old 03-26-2020, 09:04 PM
fishtank fishtank is offline
 
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Well us just surpassed China to in the covid19
https://www.worldometers.info/coronavirus/
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  #968  
Old 03-26-2020, 09:11 PM
pikeman06 pikeman06 is offline
 
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I been wrong before but I see a big sell off. Either big players in the game running things up for themselves or lotsa little guys jumping in but I wouldn't think, with so much uncertainty, that the average Joe is pushing the market. Tough to post a profit for alot of companies. Especially when your doors are closed. I'm really paying attention now because I can't figure it out. Very interesting times indeed.
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  #969  
Old 03-26-2020, 09:36 PM
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Money has to stay in equities if any real growth is wanted. Fixed income is unworkable given interest rates. The market is a lot cheaper than it was, & some of the early flight to cash is ready to be re-deployed, IMO
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  #970  
Old 03-27-2020, 06:40 AM
ehrgeiz ehrgeiz is offline
 
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Originally Posted by pikeman06 View Post
I been wrong before but I see a big sell off. Either big players in the game running things up for themselves or lotsa little guys jumping in but I wouldn't think, with so much uncertainty, that the average Joe is pushing the market. Tough to post a profit for alot of companies. Especially when your doors are closed. I'm really paying attention now because I can't figure it out. Very interesting times indeed.
Yeah Iím confused as well. Maybe I missed the boat, but nearest I can guess is a lot of money had 18,500 as the target and deployed. Unless the market has perceived the end or good news that I canít see.
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  #971  
Old 03-27-2020, 06:53 AM
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Yeah Iím confused as well. Maybe I missed the boat, but nearest I can guess is a lot of money had 18,500 as the target and deployed. Unless the market has perceived the end or good news that I canít see.
Many people are confused by the last three days. Iíve posted before that Iím not touching anything in this market and probably waiting till June or so. Got to remember the US is in a total economic collapse. Put it on ignore for a while. Be patient
One thing that is going to happen when all this is done. Any kind of a sickness threat in Asia you will see people dumping stock. Markets will never be the same
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  #972  
Old 03-27-2020, 07:05 AM
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After a week like this, will be profit taking today for sure. Have a feeling we will see good volume buying towards end of the day like yesterday though.

I see BOC lowered rates another 50 bps overnight too
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Last edited by Justfishin73; 03-27-2020 at 07:25 AM.
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  #973  
Old 03-27-2020, 07:34 AM
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Earnings are going in the crap hole fast. Lots of analysts are seeing SP500 earning dropping at least 30% over the next few months. That's going to put the fair value of the SP500 well below 2000, maybe down to 1500 depending on the multiple investors decide to put on those earnings.

Looking back at the Great Depression the market dropped 40ish percent, rallied up 20ish percent and then continued to fall for another couple years for a total loss of 86% from the top. It didn't return to even after that for many years. That's a worst case scenario I guess.

But who knows. Trump figures the churches will be full by Easter Sunday and the FED is pumping trillions.

As morbid as it seems I don't see a bottom until the death toll starts to level off in the West.

Good luck.
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  #974  
Old 03-27-2020, 08:15 AM
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https://deadline.com/2020/03/china-o...de-1202894103/

This should do lots to calm markets. China virus part two.
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  #975  
Old 03-27-2020, 08:44 AM
fishtank fishtank is offline
 
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Originally Posted by bdub View Post
https://deadline.com/2020/03/china-o...de-1202894103/

This should do lots to calm markets. China virus part two.
Would be a cautious move, they should have banned gathering of people like itís it here cause. With their population stuff can turned for the worst very very fast.

As for the market the fall out will be coming , once people realized trump is incapable of handling the situation, like what happening in New York will spread to other majors cityís , the hospital will be overwhelming and people will start to panic again . Then there will be real blood on the streets .
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  #976  
Old 03-27-2020, 08:52 AM
thenaturalwoodsman thenaturalwoodsman is offline
 
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Now what we are seeing is WILLFUL destruction of our
capital market system as we know it. Dropping interest rates to near Zero, talk of Negative interest rates, handing out Trillions of dollars for basically free......
At some point the economy and markets have to run themselves without announcements and handouts every other day on both sides of the border. Scary times indeed!

Trump and Covid-19 well its save the people or the markets....
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  #977  
Old 03-27-2020, 10:27 AM
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Originally Posted by Justfishin73 View Post
Sure hope its physical gold , I wouldn't trust anything else at this point.
Yeah, agreed. I wouldn't come close to anything that's based on derivatives here.
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  #978  
Old 03-27-2020, 12:01 PM
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Quote:
Originally Posted by Jigsalot View Post
Many people are confused by the last three days. Iíve posted before that Iím not touching anything in this market and probably waiting till June or so. Got to remember the US is in a total economic collapse. Put it on ignore for a while. Be patient
One thing that is going to happen when all this is done. Any kind of a sickness threat in Asia you will see people dumping stock. Markets will never be the same
X2
If you can predict this market you are too smart to be talking about it on forums. Be patient unless its money you can spare, then gamble away.
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  #979  
Old 03-28-2020, 03:22 PM
Jim Blake Jim Blake is offline
 
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Default Nick Murray

Anybody here read Nick Murray's books or follow him?
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  #980  
Old 03-30-2020, 06:29 AM
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This is going to be a wild ride week!!!
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  #981  
Old 03-30-2020, 08:16 AM
fishtank fishtank is offline
 
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Depend of what happening with covid19 in the USA..
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  #982  
Old 03-30-2020, 08:20 AM
Jim Blake Jim Blake is offline
 
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WCS heavy- $3.90

Cnd light sweet $8.70
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  #983  
Old 03-30-2020, 10:27 AM
Big Grey Wolf Big Grey Wolf is offline
 
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Jim, looks like the oil market in Alberta is dead. Might as well turn off the pumps, shut the lights have boys go home and physical distance. Turn things on in few months when Covid-19 settles down.
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  #984  
Old 03-30-2020, 10:54 AM
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Justfishin73 Justfishin73 is offline
 
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Looks like oil will be the only thing anybody will be able to afford to give for Christmas...........
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  #985  
Old 03-30-2020, 11:30 AM
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Pretty crazy oil prices. Wonder when all the storage is going to be pinned.
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  #986  
Old 03-30-2020, 11:40 AM
elkhunter11 elkhunter11 is online now
 
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Originally Posted by Big Grey Wolf View Post
Jim, looks like the oil market in Alberta is dead. Might as well turn off the pumps, shut the lights have boys go home and physical distance. Turn things on in few months when Covid-19 settles down.
Except shutting down the oilsands plants is a lot more involved that just turning off a switch. And starting them up is usually even more involved.
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  #987  
Old 03-30-2020, 11:45 AM
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Pretty crazy oil prices. Wonder when all the storage is going to be pinned.
That's what I don't get, orders for storage tanks being cancelled left and right at work
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  #988  
Old 03-30-2020, 11:56 AM
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That's what I don't get, orders for storage tanks being cancelled left and right at work
I think with all the stuff getting shut in over the last few years companies are just shuffling existing 400 BBL etc tanks around in their fields. Probably thousands of empty 400's sitting around in the bush by now. It's going to be rough, lots of companies are going to go under if this lasts very long.
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  #989  
Old 03-30-2020, 12:50 PM
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That's what I don't get, orders for storage tanks being cancelled left and right at work
How big are these tanks?

We're actually buying more oil this month while it's low.
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  #990  
Old 03-30-2020, 01:40 PM
fishtank fishtank is offline
 
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interpipeline is making some cuts to dividend and pay cuts, the cost of transport/storage is more then the product it self .
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