Filled up at $1.65 last week.
I love the lower gas prices, but he gets credit for both, right?
But some barrels tomorrow. Will be 4.00$ by July
Hater, market sucks!
Objective person, Apple and other factors caused a drop, should I buy? Think I will take a road trip since gas prices are down...
How many of your investments did you sell today Matt?
Along with the federal gas tax of 18.4 cents, Californians now pay 58.2 cents in excise taxes per gallon. Like all other states with sales taxes, California “taxes the tax” by applying the combined local and state sales tax, which ranges from 7.25 to 9.75 percent, on top of the gasoline tax.Jan 14, 2018
That’s right excise tax taxes sales tax. Thought there was a war fought about such things.
Not a one. So, please respond with the usual, " if you don't sell, you haven't had a lost" diatribe that I'm used to from advisors. I'll ignore it as usual.
So, do tell, what is your expert advise for investors approaching retirement age. Variable annuities?
Never have, never will.
Worth asking again.
Unemployment ticked up to 3.9, probably due to previously labeled discouraged workers who were not counted as unemployed, now looking for jobs which would move them to unemployed. That is just my hunch, not saying for sure that happened.
Good news though any way you look at it. Ceteris paribus, the market should move up.
Good news for sure. I suspect you are correct in regard to the unemployment rate. Interesting enough, confidence in the economy can actually cause the unemployment rate to temporarily spike upward as more people start looking for work again.
As to how the market will react, who knows? What I do know is todays report, and today's movement in the market won't matter much 5 years from now. We'll have an entirely new report to overreact to.
…PLUS! WAGES RISE FASTER THAN EXPECTED…
…MANUFACTURING JOBS UP 37% YEAR-OVER-YEAR
As for the stock market? Apple sells fewer phones in China, people freak out. Fed increases interest rates due to their view that the economy is doing considerably better, people freak out. Elon Musk makes a goofy tweet, people freak out. Trump farts in the direction of North Korea, people freak out.
Seems to me today's stock market volatility has more to do with people freaking out over every tiny market blip than having to do with anything concrete. But that's just my (albeit market challenged) opinion.
Give yourself more credit. Your opinions aren't as "challenged" as you might think. More people should listen to you.
Short term market movement is largely due to emotion. Long term movement is based more on logic.
I do know that plunging fuel prices usually isn't a good sign for economies in oil producing and exporting countries, which I believe the US qualifies as now.
Overall, the vast majority for the greatest good..... lower fuel/energy is a big plus. Yep, big win. I'm gonna shed about as many tears for the energy/fuel industry (if in fact they are in a bind. Many if not most fuels such as jet A have been contracted a long time ago) as they had shed for me when prices were high. WRT the "gorbal economy" the US is wide open to doing business under honesty reciprocation and legal property rights. Fair business. Other than that..... they are responsible for their own people and economies. Not us.
Grey Ghost's Link
I hope you're right. See link for a different perspective, however.
Last I checked, this is America, I can thank anyone for any reason I want to. Just the same as you can question anyone about stupid chit all you want trying to “prove a simple point”, but lacking anything meaningful at all. The the best part about this wonderful country...Stuff I do, is done on my timeframe, not yours. It is wonderful to be a free man in a free country.
The market goes up, the market goes down. It’s a giant gamble for anyone who plays it. To claim otherwise, well that is only made by a fool. There is only a few certainties in life, so find the things that bring you joy and to do them, as that is the key to a happy life.
I take it you think plunging fuel prices are a good thing overall, and you give Trump credit for that. OK. I guess we will see how it plays out.
Sorry to ruffle your feathers.
If a block of big investors were to "chat it up" enough to cause an artificial fall they have then created the opportunity to capitalize on the natural buoyancy/ return to the expected level. Do that 3 times a year and make 2% each time and you're doing pretty good financially.
Just a hunch that there are intentional manipulations going on.
"The market goes up, the market goes down. It’s a giant gamble for anyone who plays it."
The stock market is only a gamble if you treat it like a casino. If you view shares of stock as nothing but a trading vehicle as opposed to actually ownership in a company, I would agree.
Unlike owning shares of an actual company, gambling is a zero sum game in which one side must lose for the other side to win. It can be no other way. Gambling creates no value, (unless of course you own the casino) it only transfers wealth from one side to another.
K Cummings's Link
"TT....good observation. I posted in another post that the thousand point swing (down 500 one day up 500 the next). Did not make sense. I attributed it to emotion vs logical investing. I need to be less trusting as manipulation may very well be in play."
Back in the day, when human beings were actually making the majority of stock trades, we used to call that the "pump and dump."
Now that the majority of stock trades (some sources say up to 85%) are done via computer algorithms and high frequency trading, the likelihood of that happening is slim.
In addition to that, the total value of the US stock market is $30 trillion. The combined total net worth of the world's billionaires is about $9 trillion. It would take some serious heavy hitters making huge moves to manipulate the markets as TT suggested. There are also regulatory commissions that monitor and enforce laws created to avoid market manipulation.
I feel so much more relieved knowing that.
I smell something fishy but those that are apparently well informed would know better. I'll keep listening... sniffing the air.
I would say it is a “calculated” gamble, especially for a guy like me who does not deal with the markets daily. I do the dollar cost averaging approach into what has been a producer for me. I’m quite positive I could have done much better if I were to devote a LOT more time into the profession, but I’m pleased with the results.
I truly believe everyone is great at something, so do that to make a living, then (shall I say) dabble in other areas of interest with help from trusted professionals and friends.
The question I have about all this computer trading based on algorithms, how many different triggers are there for a program to generate a sell/buy order and how unique are those triggers within the various programs and systems. I mean if everyone has the same or near same sell/buy rules that explains a lot of the volatility...at least in mind it does...
I view what you are describing as day trading, not investing. The average Joe will get his ass handed to him, if he attempts to participate in day trading.
To me, investing in equities is a long term activity that banks on the fact that our markets have ALWAYS climbed higher over time. Investors, for the most part, ignore short term swings in the markets, and focus on the ultimate long term gains instead.
Many people don't have the stomach to watch their hard-earned savings go up and down in value on a daily basis. Those people are usually better served to seek an advisor to manage their investments for them. Advisors don't have the emotional attachment that their clients have to their money, so they tend to make more rational decisions with it.
Fair enough. I usually thank people for things that are positives and for things they actually do, but you can indeed thank anyone for anything even if they had little to nothing to do with whatever it is you’re thanking them for.
No offense, but this is simply not accurate. A person that truly does not have the “stomach” for market fluctuations, shouldn’t be invested in equities, no matter who is managing their assets.
Advisors have no magic potion for eliminating market fluctuations. At the end of the month, a downturn is a downturn regardless if my name is on the statement as advisor or not.
I thought I was extending a small olive branch to you, and those in your profession, with that comment, since I felt some think I have a negative opinion about advisors. I certainly don't. I'm sorry, if it didn't achieve the desired affect.