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gnadfly · 08-25-2015, 06:29 AM

Quote:

Originally Posted by ExNYer

Yeah, well I was incorporating that factor into the Saudis decision.

Also, Iraq is apparently getting its shit together, at least in the non-ISIS provinces, and they too will be increasing supply.

So, if the world economy slumps and supply goes up, I don't see oil getting much above $38 by February.

Supposedly the China market fell another 2% last night but the Dow Futures are up 100 points with no word from Yellen or Obama. The debt ceiling agreement is coming to an end Oct 1.

BigLouie · 08-25-2015, 08:56 AM

US market is bouncing back everyone

WombRaider · 08-25-2015, 09:08 AM

Quote:

Originally Posted by BigLouie

US market is bouncing back everyone

I feel better about my oil contracts this morning. Of course there's always tomorrow

Saudi Arabia is using $10 Billion a month to pay expenses. They're borrowing in the financial markets for the first time since 2007. Lusty Lad, this is what I was talking about them having the stomach for. How long can they stomach it?

http://www.nytimes.com/2015/08/25/wo...rest.html?_r=0

timpage · 08-25-2015, 11:18 AM

You should put your allowance in your piggy bank admiral.

Go long. The market will be fine.

Quote:

Originally Posted by JD Barleycorn

We never really left 10% unemployment. The Labor department just cooked the books by changing the metrics by which they measured. I think I brought this up a couple of months ago when I was discussing my declining 401K despite weekly contributions. I remember the Baby Killer openly showing his ignorance of all things economic. Well, my 401K is still declining and now the graph pretty much shows it off. To jog your memories, my 401K was holding steady for about four or five months. That is next to zero growth despite weekly contributions. That shows that the market is dropping in reality despite the appearance of an increase. That steady (but zero growth) trend has now become a downward trend in the last month. The purpose of a 401K is not to accrue money but to show profit. My 401K shows that profit as an area of green above the line which denotes actual investments. That green area is half of what it was six months ago. At the current rate I will be back to my actual investment in a couple of months. As I said then, the market is failing and it is being hidden with tricks of the system.

No one here knows when (or IF) this will turn around but this is Obama's baby. So break out those knee pads left wingers. You're going to have to do a lot of praying that your guy suddenly becomes competent.

Chung Tran · 08-25-2015, 04:01 PM

Quote:

Originally Posted by BigLouie

US market is bouncing back everyone

Not!

Dow gave up a 400+ opening to finish down over 200... this sell-off is real.. now, it will bounce soon, and stick, but it will be temporary.. yesterday was panic-selling, today was sell-the-bounce day... no sign of exhaustion among sellers.

Marketwatch headline at 8:45 this morning.. "Chesapeake up 5%".. Mother Fucker finished down 8.77%.. I own that, God Damnit..

gfejunkie · 08-25-2015, 04:37 PM

The bloodbath is not over.
China is still struggling.

Rey Lengua · 08-25-2015, 05:37 PM

Quote:

Originally Posted by WombRaider

An entire post without a gloryhole mention. We might cure you yet. Why do you hate anyone? Hate is wasted energy.

"We" woomby ? Do you have a mouse in your pocket or is Big Sir or assup's dick shoved "up to his nuts, in your guts" ? And hate can be a powerful motivator, if properly controlled.

gnadfly · 08-25-2015, 06:00 PM

Collapse, correction or corectal? I found the opening hard to believe given that China was down 7% and Japan down 3.

Anyone want to take a chance to call the bottom point wise or calendar wise?

WombRaider · 08-25-2015, 06:10 PM

Quote:

Originally Posted by Rey Lengua

"We" woomby ? Do you have a mouse in your pocket or is Big Sir or assup's dick shoved "up to his nuts, in your guts" ? And hate can be a powerful motivator, if properly controlled.

That's just the thing, hate can't be controlled. It's not a precise weapon.

i'va biggen · 08-26-2015, 06:38 PM

Bubble is inflating again up 600.

WombRaider · 08-26-2015, 06:53 PM

Quote:

Originally Posted by i'va biggen

Bubble is inflating again up 600.

It's going up as fast as they can print that money

Chung Tran · 08-27-2015, 09:14 AM

nice follow-through this morning, I'm happy to see Chesapeake up almost 6% (although I'm still way down!), and Freeport McMoran jumping 12% in early trade (I own that).. I suspect more chopiness is on the horizon, and the averages should fall further after this bounce..

Chung Tran · 08-27-2015, 12:20 PM

my Freeport McMoran shares are in the midst of a raging short squeeze! now up 28% today, LOL!

I put in a sell order at 10.29 (currently 10.17).. don't wanna be to greedy, LOL..

already almost twice the average volume of the past 10 days, which was already huge..

DSK · 08-27-2015, 12:31 PM

Quote:

Originally Posted by Chung Tran

my Freeport McMoran shares are in the midst of a raging short squeeze! now up 28% today, LOL!

I put in a sell order at 10.29 (currently 10.17).. don't wanna be to greedy, LOL..

already almost twice the average volume of the past 10 days, which was already huge..

Not a short squeeze, they are lowering production, cutting expenses, and firing mother fuckers.

Chung Tran · 08-27-2015, 02:01 PM

Quote:

Originally Posted by DSK

Not a short squeeze, they are lowering production, cutting expenses, and firing mother fuckers.

perhaps, but it would not jump this much in a day without a squeeze.. I just sold at $10.29, price has ebbed back to $10.05 currently.. purchased 3 days ago at $8.27, 500 shares.. made $995 after fees.

nice 24% profit in 3 days.. I'll take it.