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Or you can now use TapaTalk again!Market Talk
- Thread starter Spaf
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HEADS UP
Those
hit us in Saudi. They got our Consulate office. None of our people were hurt or captured.:! (per reports that I read.)
This hit has caused a rise in oil at the time I read the report of around 68 cents per barrel. :U Now that is still a long way from where it use to be.
HERE IS SOMETHING YOU MAY WANT TO THINK ABOUT. IF THE MARKET GOES DOWN TODAY AS A RESULT OF THE HIT. (IT IS DOWN THE LAST TIMEI SAW.) (THE HIT WAS NOT THAT BAD, EXCEPT, THE OIL HAS GONE UP A LITTLE.) COULD THE MARKET REBOUND THE NEXT DAY, OR TODAY? JUST FOR SOME OF YOU DOING TRANSFERS TODAY. HATE TO BUY HIGH AND SELL LOW.:X
Praying for all of us. Hope every one of us does well, RGDS.
PRAYING HARD FOR THOSE OVER THERE.THOSEPROTECTING OUR COUNTRY AND PEOPLE ABROAD AND AT HOME. :!imported post
Hi,
I am thinking about oil, too (like most everyone, I assume). I am thinking there are two forces that may act to balance each other out this week: the oil inventory report and the OPEC meeting.If this week'soil inventory report (scheduled for Tuesday or Wednesday, I believe) comes out with strong increases in oil supplies, that would usually result in lower oil futures prices. But, to counter a large decrease in oil price, OPEC may be more likely to curb production, tending to push oil higher. Conversely, a smaller than expected rise in oil inventories may encourage OPEC to maintain high production and/or not crack down on those countries exceeding agreed to limits. This could all come out as a wash.
I went to 100% G on Friday, effective today. Got lucky with that one! If the markets continue to decline today, I'll probably get back in to at least 50% stocks before the deadline, anticipating a bounce. Just guesswork on my part. Good luck to all.
DaveGGuest
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learning wrote:
Amen, God bless us, every one...
I am going tohold in the S & C for tomorrowas well. However, if this activity keeps up, with a run up to elections in Iraq, Oil prices, etc. it may be best to park in G for a while.
Spaf
Honorary Hall of Fame Member
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Got back into town this PM. Had bad weather all day. Not a good one to be in the boon-docks. But heck it's my job.
I agree that we should help Tom with expenses, he's done a great job.
Apparently some down grades affected the market today. The talk I heard was that after the recent advance the market was due for a bit of consolidation. In this bull market we have to expect these consolidation pockets. I think that is when some of the new money comes in, so they say. If all we had was big advances, that wouldn't be good. The good side is that we get the advances (in what ever shape) and we have more and more nuts to put in our tree.
Rgds
SpafGGuest
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coolhand wrote:
Ahhh yes, milky's maiden, guess I have to leave again so she'll come back.......-mlk_man -
You got two cents today...good call. Milk Maiden will be thrilled
. I'm just glad I only dropped 6 cents today from Friday's close, but still a gain from my last move.
Two cents is two cents I reckon, tomorrow is iffy, these up one day and down the next days are brutal. I would of normally jumped back in stocks today for tomorrow, but as I stated before, while I was back testing my system, I noticed that you shouldn't jump in and out of the market everyday for more than 3 or 4 times. If you do it that often, we usually get a pretty big drop. Just trying to avoid that since I started over with my account on Nov. 15th. If I had followed this system all year, I'd be up around 45%. Then I wouldn't care if I lost a little bit........
Stay tuned......still 100% F fund tomorrow.
Good luck,
M_M
Spaf
Honorary Hall of Fame Member
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Mike
Two cents is two cents. Baring the unexpected, the bull should be advancing, just a matter of when.
I went over to the US Dept of Commerce, Bureau of Economic Analysis (http://www.bea.gov) check the big picture. And this is what they had to say:
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.9 percent in the third quarter of 2004,
according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.3 percent.
Rgds Spafimported post
I read something I thought you all might lke to hear. I believe it was on Yahoo last night. OPEC is said to meet this Friday. Iran is said to want to cut back on oil production. They will be asking the other OPEC countries to cut back and stop that quick slide in oil prices. They are not against the drop, just that it went down to fast. I quess it did not go up to fast. Hmm. Not our friends we know that. Also with the drop in the dollar they are not getting as much for the oil so they may really do it. Something for you to think about and research.:%
I am looking at a reduction in stocks Thursday to be in affect for Friday.
Becareful out there, it is your retirement your working with to various degrees.GGuest
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This market is being such a tease today..............:shock:GGuest
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Did I miss something? Looks like the bottom just fell out.....................imported post
I wonder if it is this quote:
Challenger said the economy's biggest worry is that a "large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season."
It is in the CNN article talking about job cuts. The story came out earlier today, but it was updated just after noon. I read the earlier version, and I don't recall this quote.
The story is here:
http://money.cnn.com/2004/12/07/news/economy/jobless_challenger/index.htm
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