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Or you can now use TapaTalk again!WorkFE's Account Talk
- Thread starter WorkFE
- Start date
WorkFE
Well-known member
Ain't no stoppin' us now
We're on the move!
Ain't no stoppin us now!
We've got the groove!
There's been so many things thats propped us up.
But now it looks like things are finally comin' Down.
I know we've got, a long long way to go, and where we'll end up, i don't know.
WorkFE
Well-known member
WorkFE
Well-known member
You don't get many days uglier than yesterday. That was painful to watch.
Very few were spared. I took a beating, again, in the retail sector.
On the brighter side, this is not new territory. We've seen this before and most, who did not panic, made money off of it.
Most recently we experienced this in 2000-2002 again famously in 2007-2009 and just 2 years ago in 2020. There were other ones along the way but they were not associated with the "R" word
I do not remember the depth of those retreats off the top of my head but it probably averaged in the 40-50% area. If we somehow avoid the "R" then we are at or near the bottom. Unfortunately I do not believe we will avoid the "R" which means we most likely have only seen about half of this retreat.
Most of the comments I've seen on here show folks have moved most, if not all, of there funds to the Garage. Keep it dry, be patient and nimble.
Good luck all, we are playing the long game now.
WorkFE
Well-known member
I’m not a doomsdayer but the headwinds are going to be tough to fight. While we shift to cleaner/efficient energy expect to pay a premium for those cost. It doesn’t help that Russia is the third largest producer of Oil and second in Natural Gas Production. That’s a whole lotta Windmills and Solar Panels to replace that energy output. To make it even more interesting those two countries duking it out in Europe produce about 15-20% of the global wheat.
But energy and wheat are not alone in their scarcity. This pandemic really did a number on our global supply chain. In a perfect world we would all be getting along and work this out as quickly and efficiently as possible. Unfortunately, we aren’t getting along which is going to prolong the pain. China not accepting western help with vaccines isn’t helping, Russia invading a neighbor not helpful, Flying combat aircraft near a neighbor when there are dignitaries visiting is unhelpful, North Korea firing missiles while Biden is in the area is just stupid. And the US is not innocent in all this, everyone needs to cool their jets. Diplomats need to be just that, diplomatic.
Finally there is interest rates. Obviously inflation needs to be tamed and we need to avoid stagflation, its going to take time. For the foreseeable future we will be paying more for everyday items (if you can find them) and paying more to borrow money for big ticket items (if you can find them). Like many of you I am prepared to weather this storm. It will pass eventually. How long, I don’t know and anyone who says they do is guessing.
Good news, its hurricane season and NOAA’s climate prediction center is predicting above-average hurricane activity this year. So we have that to look forward to.
Valkyrie
Well-known member
completely untrue.
some real science here
https://stopthesethings.com/2017/07...ind-solar-power-unsustainable-energy-defined/
Modern coal or gas-fired power plants use less than 300 acres to generate 600 megawatts 95% of the time. Indiana’s 600-MW Fowler Ridge wind farm covers 50,000 acres and generates electricity about 30% of the year. Calculate the turbine and acreage requirements for 3.5 billion MWH of wind electricity.
Delving more deeply, generating 20% of U.S. electricity with wind power would require up to 185,000 1.5-MW turbines, 19,000 miles of new transmission lines, 18 million acres, and 245 million tons of concrete, steel, copper, fiberglass, and rare-earths – plus fossil-fuel back-up generators for the 75% to 80% of the year that winds nationwide are barely blowing and the turbines are not producing electricity.
Energy analyst David Wells has calculated that replacing 160,000 terawatt-hours of total global energy consumption with wind would require 183,400,000 turbines needing roughly: 461,000,000,000 tons (461 billion tons) of steel for the towers; 460,00,000,000 tons of steel and concrete for the foundations; 59,000,000,000 tons of copper, steel, and alloys for the turbines; 738,000,000 tons of neodymium for turbine magnets; 14,700,000,000 tons of steel and complex composite materials for the nacelles; 11,000,000,000 tons of complex petroleum-based composites for the rotors; and massive quantities of other raw materials – all of which must be mined, processed, manufactured into finished products, and shipped around the world.
And take the time to thank those that are serving and those that have served.
To all our military members past and present; THANK YOU FOR YOUR SERVICE.
WorkFE
Well-known member
F&E index bumped up a bit today.
The VIX, which can reverse in a heartbeat, has been trending down.
Futures down this morning.
On 28 April I put:
- 5% in the C Fund at 65.0123 a share, still down about $1.55
- 10% in S Fund at 69.9058 a share, still down about $2.20
- 5% in I Fund at 34.7230 a share, surprisingly up about $0.65
Shoulda went 20% I Fund :laugh:Similar threads
