In the many posts I’ve written about a market melt-up coming, 1998 analogues and such, take a look at the Russell Growth Index versus the Russell Value index. Been a long long time since Growth performed before Value. Most notably was 1998 after the October correction.
Just an FYI.
Also look at $IWV the RUT 3000 – it’s expanding so I guess that means the rally is broadening. That isn’t bearish I wouldn’t think.
I’d like to see gap over oil’s trendline on the hourly to get that sector moving. XOP just teasing me now.
The price of oil is capped at ~$50. The drillers have been able to reduce costs significantly and can now generate attractive returns at $50 per barrel. Play the producers, not the commodity.
Big Oil can produce a barrel for as low as $10 but generally ~$30.
$50 is profitable.
At $100 it all goes into the bank.
Correct but, at $100 dollars production the ramp would like cause our storage facilities would reach max capacity. They are currently at ~75%. Reaching max capacity would send oil prices to the teens.
You also need to work through the storage glut before you can justify charging prices higher than the cost of current production.
Hard to see oil price upside in the short term.
OA, any thoughts on FTNT or CHKP? I like the space they play in and the patterns look interest.
$CHKP not bad…just slower at times.
Ok OA, I was thinking the other day due to the new all time highs. What are some signs of an overheated market? Is it possible the spy goes up 50%+ the next year and a half?
Overheated? We’re a long way from that.
Does that mean no fall correction like in 1998?
We just did that last year. I know you read it, followed the charts, etc. Come on now.
Gotcha. You don’t expect this bull market to end a year from now then?
What are we even discussing here? This is stupid.
For some reason I thought we were following the 98-00 analogue, my apologies. I’ll go back and study your old posts.
Yeah, we did. It happened and that’s why we’ve broken out. I can’t believe I left any details to be confused here. Blows my mind. Maybe that’s why you stayed in cash?
GS looks interesting long term. Might start to take on a position.
Is that $JNUG cat bankrupt? Haven’t heard from him in a while.
no fireworks either way for KMI on earnings meets and revenue miss – down ~2%
I’ve got growth covered with VSGAX …….Returning +23% since purchase
VBK is the ETF version
I’ll have to thank the ALGO at Vanguard for making me purchase this. Their colored pie chart chides me with red and yellow warning signs if I’m not making the right choices and don’t have the correct size slices.
Don’t you have any friends on Vanguard to harass? Go away.