Oil is now in the process of killing General Vladimir Putin. If you think your portfolio is under pressure today, you should take a looksy at the Venezuelan budget, one that requires $200 crude to break even (lolz).
I made a bonehead move, buying BTU yesterday. That’s okay. I’ve made bonehead moves before and will continue to make bonehead moves in the future. ‘Tis is the life of a speculator.
My largest positions, GPRO, TRN and ANET, have resulted in marginal losses today. One of my recent decent sized purchases, LITB, is thrusting onward.
So the market is up 40 (extra Jeff), while the price of crude is down nearly $3. All of the economic data points to decent growth, nothing too alarming or exciting. My takeaway is this: crude is being dismantled for some nefarious political reasons. Because of this, oil stocks cannot be bought. However, the US consumer is a giant winner. Actually, globally, consumers win.
Restructure your portfolios to reflect this new reality and wait for the fruits of your labor to ripen, as we enter the domain of The Turkey Gods.
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Order yer heating oil now as well…..70 cents cheaper per gallon over last year.
Baker Hughes just halted, buyout by Haliburton possibly…Let the fireworks begin!
bought 3 minutes after this post. just sold for 7$ gain in a matter of minutes.
LIAR
2:49 PM 54.92, 2:52PM 60.86 execution. guess it was 11 minutes after. You win again Fly.
youdaman. On a side note, I went to a baker hughes tailgate last weekend for LSU. Man these oil companies throw down some dough. Business is booming.
Thanks for the LITB pick from way back. I took profits Tues morning. Now if some of your stupid boat stocks would just pay off.
What of the BALT?
What of the poor BALT?
Looks like me S.S. BALT has struck a reef today laddies. Arrrrrr.
It’s a thorny brutal affair that rewards the lion for its ferocity.
The BALT shareholders are eaten as the BALT shareholders should be.
Make no mistake, blood will be spilled.
Lives will be lost, fortunes will be made, men will be ruined.
But…the lion shall prevail !!!!
There will be regime change all right, starting with those dogs in Saudi Arabia. Russia, not so much.
Holy shit could you imagine oil’s move if Saudi Arabia fell to revolution?
My god, oil to $200 overnight…(licks lips)
take soc 101 or go to any refugee camp. Human beings will always resist tyranny. Even KSA/Bahrain Wahabi tyranny. “Gulf Spring” is a comin’/ long overdue…
That turkey on the front page eats humans every November. He looks boss as fuck strutting his shit around the sidewalk throwing stacks of corn at the pleb birds pecking around the cement and grass.
HAL reversed nicely on the news; wish you could count on one of these a day to save your ass
I call $11 bottom on BTU. I’m in @ $11.12
Daily 40. Bernake genius at play, while he lounges, suited in velour track suit, upon 200 couches (no Interpol) in the basement of the Playboy mansion
Oils, shippers, miners – they’re all murder holes and will continue to be for a long time. Every once in a while I start thinking I see the bottom for commodities and then I come to my senses.
an undeclared war has been declared .. Obama is ordering all earl wells to pump at full capacity while he covertly empties the not-so strategic petroleum reserves in order to wreck the life-blood of Russia & Dicktater Putin .. Putin knows the US survives off the stock market, so he’s flying some bombers over the Gulf of Mexico in order to bring stocks down .. let the games begin!
Senor Fly. Wtf does the S&P downgrade of TWTR mean and why would they do it? Political?
Members of Congress were short TWTR and asked that it be smacked down to cover their shorts. Calling the CEO a Dick and a Pot Smoker didn’t work, apparently. What, Dick is really his name?
Indeed. Who knows. The horseshit meter is off the charts on this one.
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I must say … the grace and class of that majestic bird on the front page … as it “struts it’s stuff” …
… can a turkey be … ah hem … dare I say … SEXY ?
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I am suddenly conflicted !
Maybe I should completely re-think my Thanksgiving Turkey Menu ?
Maybe I should go with a nice Bone-In Ham !
Maybe I should go with a Beef Brisket (low & slow) !
Maybe I should just go with Lasagna or Eggplant Parmesan !
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Nahhh !!!
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What about your choice of nectar ? Colt 45 Malt Liquor goes well with anything after washing down a 16 oz six pack beforehand.
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… ahhh ! A pathetic attempt at an insult !
I see !
FUNNY!
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You sound as though you speak from experience !
Fuck Off Goofus !!!
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… Seriously, look at the legs on that “chick” !
DAMN !!!
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Talkin’ bout the turkey !!!
HELLO !!!
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“My takeaway is this: crude is being dismantled for some nefarious political reasons. Because of this, oil stocks cannot be bought. However, the US consumer is a giant winner. Actually, globally, consumers win. ” ….assuming we are not entering into a deflationary environment, as gold, and now oil, seem to be telegraphing. And while we’re at it, we might as well mention the prospect of a short squeeze in the $USD. Short dollar is a very crowded trade by virtue of the massive public an private debt levels that have built up, not to mention derivatives. How you ask? Simply, anyone who borrows in dollars is effectively short the currency as they are hoping for inflation to pay off their debt wit cheaper dollars, no?
The hidden hand of the Tri-lateral Commission.