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So do you guys think this is the beginning of the double dip recession?
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Originally Posted by wawaweewa
Demand destruction game is back on. With an appreciating USD in this environment crude is too expensive even at $60.Originally Posted by teddy jam
i'm fine lol, i don't know what kind of perception you have of me, but i do not have the cash flows that you may think i do
im only down about 800 ..my exposure is about 40% of entire portfolio
not even down one pay cheque ..oil will probably hit mid 60s like you say, but it will recover...yes i didnt listen but what can i do, im not selling for a loss
news says OPEC needs oil to be 70-80 to fund projects...they will hold an extraordinary meeting if oil keeps retreating
I don't understand your argument.Originally Posted by RunningFishy
Originally Posted by wawaweewa
Demand destruction game is back on. With an appreciating USD in this environment crude is too expensive even at $60.Originally Posted by teddy jam
i'm fine lol, i don't know what kind of perception you have of me, but i do not have the cash flows that you may think i do
im only down about 800 ..my exposure is about 40% of entire portfolio
not even down one pay cheque ..oil will probably hit mid 60s like you say, but it will recover...yes i didnt listen but what can i do, im not selling for a loss
news says OPEC needs oil to be 70-80 to fund projects...they will hold an extraordinary meeting if oil keeps retreating
DEMAND IS NEVER a CONCERN w/ CRUDE ! CRUDE is not GASOLINE!
Do not confuse yourself w/ what CNBC feeds you. You are off better staring at Maria's yellowing teeth than listening to this stupid 'appreciating USD' and commodities relationship. That died long ago and never really existed in this type of market.
Crude is gone because it trades like an asset class, in relation to equities. As the equities drop, crude follows suit, as already evident now.
I wrote about this months back, even if the USD were to rise and rise, OPEC would not let crude dip that low. LOL
fazOriginally Posted by LiLcHiCo4LiFe
IMO, we're heading lower than this. I expect Dow to test 9800-9900. I'll start buying near those levels. We're still not oversold yet.
You always use IMO and POV, but just say it! =)Originally Posted by LiLcHiCo4LiFe
IMO, we're heading lower than this. I expect Dow to test 9800-9900. I'll start buying near those levels. We're still not oversold yet.
Originally Posted by wawaweewa
I don't understand your argument.Originally Posted by RunningFishy
Originally Posted by wawaweewa
Demand destruction game is back on. With an appreciating USD in this environment crude is too expensive even at $60.Originally Posted by teddy jam
i'm fine lol, i don't know what kind of perception you have of me, but i do not have the cash flows that you may think i do
im only down about 800 ..my exposure is about 40% of entire portfolio
not even down one pay cheque ..oil will probably hit mid 60s like you say, but it will recover...yes i didnt listen but what can i do, im not selling for a loss
news says OPEC needs oil to be 70-80 to fund projects...they will hold an extraordinary meeting if oil keeps retreating
DEMAND IS NEVER a CONCERN w/ CRUDE ! CRUDE is not GASOLINE!
Do not confuse yourself w/ what CNBC feeds you. You are off better staring at Maria's yellowing teeth than listening to this stupid 'appreciating USD' and commodities relationship. That died long ago and never really existed in this type of market.
Crude is gone because it trades like an asset class, in relation to equities. As the equities drop, crude follows suit, as already evident now.
I wrote about this months back, even if the USD were to rise and rise, OPEC would not let crude dip that low. LOL
Demand is never a concern with Crude or demand is one of many components in crude pricing/speculating?
The argument is a lot more nuanced than you present.
What was the reason for the crash? What was the reason for the bounce over the past 13 months? Why is everybody so skittish now again? The Chinese can't build useless infrastructure forever and how many times can they "build up inventory".The Chinese market has already entered bear territory (per the classic definition; for whatever that's worth).
I don't even know where to begin. On the surface you're correct but you present it in very simplistic terms.
If you knew me, you wouldn't mention CNBC. I don't have time to watch much TV anyway.
Originally Posted by andycrazn
im thinking about buying faz
Originally Posted by finnns2003
I'm guessing no one trades ETFC because no one is talking about the reduced share split...
yea made some. sold at 16.2 and took a nap.Originally Posted by chicksNkicks
Originally Posted by andycrazn
im thinking about buying faz
hope you bought it then..
Originally Posted by teddy jam
i have no reason to hide or embelish any returns or losses...just not my style
im going to really take an active approach to using options to hedge my investments...gonna practice it and learn the volatility /movements of options
i know them theoritcally, but never traded them.
Originally Posted by Scarface2k1
can somebody explain what happened with etrade to me?
much appreciated.
il get in on your next one. im gonna focus on ng, faz and pennys. the markets so crazy might as well try my luck on pennys i heard a few that would double but i havent lookedf at itOriginally Posted by jordan23collecta
ooag...er'body eatin well off this one... just call me Money Makin Mitch
still is very bearish...Im holding out for .04
-J23C