It’s nearly impossible to know where oil is going next. Seasonality says we go higher until April. Be that as it may, one cannot be cocksure about such a plan, post apocalypse of oil. I still own a shit load of oil stocks and that will certainly crush my bones into dust if oil were to, let’s say, submarine down to $30. But that’s why I made AAL my second largest position, to hedge such a black-out scenario.
I cannot believe we are still discussing Greece after all of these years. I think it’s clear as the day is long, austerity doesn’t work and the fucking Germans are still evil. Either way, we’ll get through this and the end of the world is not at hand. When the end does come, trust me when I tell you, I will be the first to find out.
I don’t have any early predictions for you this morning. Just trade the market in front of you, not the one you envisioned as a wee lad growing up in Belfast. I think we have a few more down days in crude stocks before a sharp reversal. In the meantime, airlines should do well, specifically those unhedged like AAL and ALGT.
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Who would be your top recommendations for dollar cost averaging and DRIP’s in this space, if any?
Airlines or oil?
Greece leaves the EU and Germany gives them “WW2 reparations” so they feel good about it.
Fuck the Greeks, they are a drain on the world…the only thing useful they produce are topless beaches and even those are ruined by the fat hairy Greeks that inhabit them. Give Greece to ISIS and then carpet bomb it and start over.
your statement makes it clear that you have unfortunately never had the pleasure of enjoying the panoramas of those beaches. The beaches of Santorini and North Crete are true Visions of Johanna.
Personally, I am more of a Caribbean kind of guy. I have been to Athens albeit for business and it was a polluted crap hole. Although the food was good.
is there a play on eggs today, CALM?
Its amazing how little news coverage the plunge in treasuries has gotten
AAL ..from bankrupt to the hottest stock of the past 2 years…crazy. It”s like all of a sudden, the business of air travel is like cisco and dotcoms of the 90’s
Anyone who flies anywhere is a maroon.
I remember when Cramer would never touch and airline stock nor did he believe in charts
“When the end does come, trust me when I tell you, I will be the first to find out.”
Fly, I think you nailed it. If you are tasked with making money for others you have to stay invested to make money, and you mentioned you were at least 90% invested? If something happens, either way, you will surely be the first to find out.
2PM we will see. I’m bullish but then again, bad news with good news at the end of Feb could make a lot of sense with the printing presses starting… unless that’s the sell the news and at 2PM begins the rocket ship for a few weeks.
2PM of course being 7GMT, when we hear some big news about Greece.
Remember when Samsung was going to kill Apple?
I told a friend he was overinvested in APPL and should sell. He has one share.
Don’t you know by now Greece is always the go to reason to bring the market down it’s been hanging over our heads for God I’m going to guess 7fucking years already it’s there “goto” to bring the market down anytime they want. I know, I know I’m still a god damn idiot!!
talking heads need to fill airtime with useless explanations for for why the market is lower
With everyone going on and on about the damn Baltic Dry Shipping being at all-time historic lows, blah blah blah, am I an idiot for thinking about going long SB?
Every time the market closes over 150 points we’re going to hear the continuous “see the bulls never left the bull is back”bla bla bla bla