1. Ebola
2. Isis
3.Possibility of interest rate increase.
4. 17 trillion National Debt
5. Failure to guard the border.
6. Incompetent President and his appointees.
I've heard numbers of anywhere from $50-$80 a barrel as the break even for USA shale oil producers.
Some even say that in addition to there being additional oil output via the USA production, the OPEC countries are not restricting supply like they normally do when prices get cheap, but are increasing supply, particularly Saudi Arabia.
Why? Maybe it is an attempt to protect market share, maybe it is an attempt to drive prices down far enough that the USA producers quit producing...There's more to it than meets the eye for sure...
A Libertarian or Independent vote would be a vote for a guaranteed loser.
Would you rather not see Republicans gain a Senate majority in January?
The existing leverage is coming out of the market
Fed has created an atmosphere where they are propping up mkts and as usual folks are leveraged into it
Owl, You are right on!
Terry
Another reason the market was essentially over valued was with zero interest rates there were very few other investments that weren't guaranteed to lose money to inflation. Very few places to park money that had a chance of making any. Real estate was another.
I wonder what this does to the real estate market as well, if folks are going to sell stocks and move into more of it.... or is that investment as dependent on the flow of free money as the markets are.
Last month two more foreclosures sold down the street from us. Property values took yet another BIG instant hit.
Spike, Would you rather not see Republicans gain a Senate majority in January?
Yeah, it does that.
That's the price you pay for getting double digit returns, although few do because they let their emotions override their intellect and bail out at or near the bottom EVERY SINGLE TIME!
"You get in, you stay in, and everything will be alright." ......... Nick Murray
"The market goes down, but it doesn't stay down, so it doesn't matter." ...... Nick Murray
Why the reluctance to answer the question?
Like you, many here are disappointed with the Republican party. But would you prefer that Dems retain their Senate majority?
McConnell is no prize, but do you prefer that Reid continue his power trip?
Would it be better or worse to have a Republican as Chairman of the Judiciary Committee when Obama nominates Eric Holder (or worse) to the Supreme Court?
Would it be better or worse to stop, or at least slow the Obama agenda?
Would you prefer a Dem or Rep Senate majority? You're going to get one or the other.
Sundowner, I pretty much agree with you, but the answer to the above question is uncertain. The republicans may or may not turn down any nominee no matter how vile they would be toward the constitution. There is a long tradition of pretty much approving whoever the president nominates for any position. Spike and I do not agree on the solution, but we do agree that republicans have not done enough to stop the leftist turn of this country.
Maybe we disagree on motives. I think that republicans are still trying to play nice, follow laws and traditions that have been in place (a kinder, gentler nation). Spike (he can speak for himself) seems to put a more nefarious motive to their actions.
Unfortunately, playing nice with dems, leftists, muslim extremists will not work. How do you stop them without becoming like them?
spudwrench4rp's Link
You are absolutely right, Henry, as attested by my own Rino Sen. Graham voting in favor of Sotomayor and Kegan as Supreme Court Justices.
But on the other hand, you KNOW, without a doubt what the Dems will do, and it is not good for you and me.
The Republicans have been a disappointment. They have not upheld Conservative Values, and have allowed Dems like Pelosi and Reid run rough-shod over them.
I have said publicly that I would vote for a Dem before I would vote for Graham again. Fortunately we have a Write-In candidate that will save me from the shame of voting Dem.
But the only hope of stopping the evil of the Obama agenda is for the Repugs to win a Senate majority. Retiring Reid would be another added blessing.
Once again we find ourselves on the sam page, or at least the adjacent page.....
To answer the question: I'm tired of having to choose between the least worst.
All three major US Indices have how reached record highs as of 10:20 AM PDT.
"A fool and his money are soon parted."
"The market goes down, but it doesn't stay down, so it doesn't matter." ...... Nick Murray
kyle,
most don't want to listen to you..what do you know? Just because it's been your profession... you're supposed to tell them what they really want to hear..
(No different than me getting straightened out on combat and combat soldiers... what do I know? I get corrected and told how it REALLY is..) ;)
Doesn't change the way it is.... reality counts.
"most don't want to listen to you..what do you know? Just because it's been your profession... you're supposed to tell them what they really want to hear..
Sadly, that's exactly what many in my profession do. But I choose to walk a different path. My job is to tell my clients what they need to do to get where they want to go, not what they want to hear. When the markets take a dump, fear takes over and what they want to hear is very rarely what they need to do.
Then there's this:
The stock market hit bottom on March 9, 2009. The DOW was 6,547, the S&P 500 was 676 and Gold was $922. My firm closed at $5.01
At today's close, the DOW was 17,390, the S&P 500 was 2,018, and Gold was $1,172. My firm closed at $54.76.
So, on March 9, 2009, when so many were bailing out of the market and claiming the market was a death trap and a horrible place to invest, while at the same time clamoring to buy Gold, here's what's happened:
DOW, + 266%
S&P 500, + 299%
Gold, + 27%
My firm, + 1,093%
Your firm has done very well for you... (bit of an understatement..)
I was in the right spot at the right time. When the Great Recession hit, financial companies got destroyed in the market. Absolutely slaughtered! I'd owned very little of my firm's stock until then, as most of my career was already 'invested' in the company.
But this was too good of an opportunity to pass up. The company was sound, had good management and an excellent business model. I knew we weren't going away and knew it had been greatly oversold thanks to 'fear.' It was what Nick Murray would call, "A Buy signal from God."
Because of my divorce we had to sell the house and I had a fair amount of cash, so I loaded up on the stock @ $6.65. Needless to say, it has worked out very well.
LOL! You know you've got two old farts chatting when they both remember that ad.
Sorry, but I spent some the gains on a Stone sheep hunt, an elk hunt, and a Mt. goat hunt this year, not that's a bad thing. I've also donated some of it to WSF the past two years.
We bought the home in early January, 2009, six weeks before the stock market turned around. So that stock had nothing to do with buying our home. It had been listed for a few months and the beginning asking price was 62% higher than what we ended up paying for it.
At the same time, when the California home sold in March of 2008, it was just before real estate prices cratered and fell through the floor. Dumb luck both times!
I PROMISE them the market will, at times, scare the bejabbers out of them. That's what the market does and it's simply the price of admission.
It's OK to have those emotions. It's just not OK to act on them!
You're posting on the wrong thread!
