In my investing life, international has never outperformed US over even a modest amount of time.
Retesting lows? That's technician talk...I thought you don't like technicals lol. 😂😉
No technicals, just patience! :)
www.axios.com
I mean I'm not the arbiter of the thread but it wouldn't bother me. The market is based on the economy and commodity prices affect it as well. I can easily talk about specific stocks and the like around anyone else's interest in economic discussion.
Coming up with my plan of attack for next week. Looking to add to TQQQ and UPRO, and start on SOXL. But I also may add to my long hold stocks (doing some analysis this weekend).I've added a little FB around 199. Averaging down a position. Will buy more if it goes lower.
Russia blocks access to Facebook
It's part of a greater effort by Russia to silence dissent.
Wait, why is this not a buying day when all the other down days were buying days? Just curious ,not inflammatory.
Just that I have bought at these levels already. Hoping to lower my CBs, not increase them. See the post above. Got some planning to do this weekend. Sitting on a crazy amount of cash from my bonuses earlier this week.
Don’t forget, if you use Specific Share Identification you can sell in a more tax efficient manner (e.g, sell blocks of shares bought at different times with the block’s appropriate cost basis. This is more efficient that fifo or average cost.
I’ve seen that reference a bunch in this thread but reflexively my mind still automatically goes to Colgate Palmolive not the intended meaning of you all lol.
We should require a vote of congress before we do
Yes, when possible, I look through the blocks to see which I should sell first. However, I don't sell much. Mostly accumulate. :)Don’t forget, if you use Specific Share Identification you can sell in a more tax efficient manner (e.g, sell blocks of shares bought at different times with the block’s appropriate cost basis. This is more efficient that fifo or average cost.
Specific Share Identification: Meaning, Pros and Cons
Specific Share Identification helps investors selling shares acquired at different prices over time to maximize their capital gains tax treatment.www.investopedia.com
Like I’ve said I didn’t pay much attention to this thread before the market downturn so had to look up what the hell a LB was lol. Even CL I didn’t realize what the hell that meant at first other than the ticker symbol. Too many abbreviations that aren’t ticket symbols make things confusing lol.
I’m starting to think many retail traders have been wiped out and don’t have money left for dip buying. I was always of the opinion that retail traders were fueling the rally with gov’t stimulus, plus Big Money riding that wave pushing the market even higher. Well, no more stimulus and retail trader piggy banks are empty. The last 2 years have been insane especially when you look at how many stocks have dropped from ATHs, not to mention BS like the SPAC-attack (those sponsors should be in jail) and the meme-stonk phenomenon. Long live the 3LBs! FWIW, I’ve been putting some money to work although nothing as really worked outside of energy and defense. I’m rolling the dice a bit on financials. Curious if folks think the defense sector run up continues to go higher or immediately drops once Ukraine headlines normalize.
All the bounces (or dips) from UKR will go away once the direct conflict ends.....regardless who wins. That's what always happens. Gotta stick to your plan and not get too off track with these artificial events.
Since we have so much disposal monthly earnings, this is actually true! From a certain POV. :)
You missed out on a lot of fun! The 3 Little Bears narrative is priceless. One of my better ones.
Well some of the defense names look like they've broken out of a somewhat longer term resistance level. So that's a positive sign but I could see them have a pull back to that area to retest but it's possible it holds because whenever Ukraine/Russia resolves in whatever fashion the world has kind of changed. Defense spending across western countries is going to remain level at worst and more likely go up like Germany has mentioned. How much of that is being priced in now though? Who knows.
Just one company, but from the Devon CEO:
I’d have to see the article because it doesn’t make sense - new institutional money doesn’t just magically appear - they have certain investment requirements so the notion that the pandemic hit and suddenly institutions start pumping money into the market strikes me as unlikely. The market was fueled by gov’t stimulus and the rise of the retail trader. And Big Money made a fortune by hitching their wagons to the retail trades before jumping ship at the top.
I hadn't seen that but there you go. Some of these extraction methods are cost intensive and not simple and easy to just turn on and off. If PPB predictability isn't there and sustainable then they won't do it.
I mentioned this before, but I'm sure the industry execs understand T. Boone Pickens famous quote:
As a rule of thumb IMO institutional money is what drives things, there may be a rare exception here and there like the meme stocks. If retail and institutions are on opposite sides institutional money is going to rule the day. Easy money helped everyone both institutions and retail. Now with easy money starting to whittle away institutions are selling and retail money isn't enough to "buy the dip" to stem the tide and by and large IMO retail money is never enough with few exceptions.
Last week one of the big oil CEOs was on with Cramer.....I think CVX? He said oil should be $60-70 solely based on demand. That's what is in their plans when figuring out future investments and business activities for the next several years.
I suspect Berkshire will continue to go after nat gas companies. (Or Occidental acquiring some of them) Nat gas is a cleaner energy source, which will be needed to generate the growing use of electric. Many of the nat gas companies are throwing off a lot of free cashflow. Almost half of Occidental is nat gas and LNG.Berkshire Hathaway reveals $5 billion stake in oil giant Occidental Petroleum
A new SEC filing reveals someone at Berkshire Hathaway, either Buffett himself or his portfolio managers, is very excited about Occidental Petroleum.www.cnbc.com
Many oil and gas companies expanded way too quickly during the fracking revolution and took on massive amounts of debt to fund it. Multiple bankruptcies resulted when prices fell. Hell, we briefly had negative oil prices in April 2020. That is still fresh in their minds. Banks have placed capex restrictions on E&P, cash flow is being applied to repay debt and to repurchase shares. Over time, these lessons will be forgotten and drilling will increase. But expect high prices for several years.
Just read article that OXY is doing just that…paying down debt and trying to get its credit rating raised.
www.ibtimes.com
www.reuters.com
