Looked at your 401k lately?

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spudoc
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Re: Looked at your 401k lately?

#26

Post by spudoc » Sat Mar 14, 2020 10:56 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 10:44 pm
CaptQuint wrote:
Sat Mar 14, 2020 10:10 pm
None of the economics has changed despite the best effort of the media.


:lol:
I will stand by that statement. See CV thread. Naive doesn't mean you can stay stupid forever. Just saying.Knowing you, I'm not hopeful.
The economy hasn't changed? There's a chance that you, more than most on this board, could be facing a layoff in the very near future.
US oil producers are going to be in for a very rough ride for the foreseeable future.

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Reservoir Dog
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Re: Looked at your 401k lately?

#27

Post by Reservoir Dog » Sat Mar 14, 2020 10:57 pm

CaptQuint wrote:
Sat Mar 14, 2020 10:54 pm
Image
:lol: :lol: :lol:

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megman
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Re: Looked at your 401k lately?

#28

Post by megman » Sat Mar 14, 2020 10:58 pm

Gas hit 0.92/L today. Haven't seen that for about 2 years. Hope it continues.
I PICKED THE WRONG DAY TO SEIZE

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Re: Looked at your 401k lately?

#29

Post by Reservoir Dog » Sat Mar 14, 2020 11:02 pm

megman wrote:
Sat Mar 14, 2020 10:58 pm
Gas hit 0.92/L today. Haven't seen that for about 2 years. Hope it continues.
Collapse of the OPEC/Russia/Saudi Arabia oil deal to curtail production. Saudi Arabia and Russia are flooding the market. Prices will keep going down.

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Smok44
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Re: Looked at your 401k lately?

#30

Post by Smok44 » Sat Mar 14, 2020 11:05 pm

Its a shame no one here is in the oil business to give us heads up :lol:
Allen is a wrench

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Wut
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Re: Looked at your 401k lately?

#31

Post by Wut » Sat Mar 14, 2020 11:07 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Flumper wrote:
Sat Mar 14, 2020 10:00 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:56 pm
Flumper wrote:
Sat Mar 14, 2020 9:48 pm
WestTexasCrude wrote:
Sat Mar 14, 2020 9:38 pm
Just a guess on my part. Investors over the weekend wondering what all the jitters are about over 2,200 cases- more people probably died in auto accidents last week. Dow up 2,000 (almost 10%) Friday. I expect a huge surge Monday. Back up near record highs by Summer. Just my guess-what do I know.
You know absolutely nothing at all if you think it will be near record highs (30,000) by this summer. that might be the most ridiculous prediction I have ever heard.
And you know this how? I'm not the idiot in panic mode the last 2 weeks bailing the market and shifting most everything into Gold only to come sheepishly back by Summer. Let me state this again. 2,200 cases fueled by the Liberal media barrage and you fell for it hook, line, sinker. And this makes you an investment guru how?
i'm an investment guru in the fact that if i put my money into a mutual fund (or whatever) and it gained 30% in 2 months, i would sell it. Just like everyone else in the world that invests money. No one is going to sit around and watch an investment climb that much in that short a period of time and just sit on it. it doesn't happen. Markets go up slowly and they come down fast and hard. that's how it works.
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal? You're missing the point. None of the economics has changed despite the best effort of the media.
The economics have changed dramatically in the short term. Goods from China and Asia generally have slowed which will affect production and sales in the US. Productivity is likely to be down anyway generally in the US. The travel industry and the entertainment industries are essentially dead right now. International trade will be down.
wut?

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CaptQuint
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Re: Looked at your 401k lately?

#32

Post by CaptQuint » Sat Mar 14, 2020 11:07 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 10:44 pm

Oil will be back around $297 a barrel by July, the economy hasn't changed


:nascar:
“I don't take responsibility at all” President Donald John Trump 03/13/2020

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Smok44
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Re: Looked at your 401k lately?

#33

Post by Smok44 » Sun Mar 15, 2020 2:42 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 10:44 pm

Oil will be back around $297 a barrel by July, the economy hasn't changed. If its not, I never said this
Allen is a wrench

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Flumper
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Re: Looked at your 401k lately?

#34

Post by Flumper » Sun Mar 15, 2020 4:44 pm

WestTexasCrude wrote:
Sat Mar 14, 2020 10:07 pm
Fine. I'll leave it there. It's at 23,000/ highest ever was 29,000+. Watch the next only 5 days until next Friday. I'll get back to you then. Deal? You're missing the point. None of the economics has changed despite the best effort of the media.
if you are so dead ass sure that the market will hit new highs (29,600) by this summer, then why don't you put your fucking money where your mouth is and stop thinking you are going to win some argument on an internet forum. You could make 28% on your money by just buying into it right now. According to your logic its a no-brainer. Slam dunk.

Get some skin in the game and learn a little bit about what you think you are an expert on.

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Re: Looked at your 401k lately?

#35

Post by Flumper » Sun Mar 15, 2020 5:08 pm

WestTexasCrude wrote:
Tue Mar 10, 2020 10:48 pm
Oil dropped yesterday biggest loss in 30 years- rebounded today. Nothing oil economics changed from last Friday through the weekend. So, a month from now when your friends open their current stock statements and see that over the last 2 months, their losses were less than 10% and heading up, another nothingburger. Who's to know.
I just had to go back and get that quote. It is mind blowing to me that you are completely reliant on the prosperity (and live in a town where almost everyone is) of the oil business and yet you had no idea why oil prices were going down.

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Re: Looked at your 401k lately?

#36

Post by FreakShowFanatic » Mon Mar 16, 2020 8:04 pm

https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.

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megman
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Re: Looked at your 401k lately?

#37

Post by megman » Mon Mar 16, 2020 8:12 pm

Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
I PICKED THE WRONG DAY TO SEIZE

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Re: Looked at your 401k lately?

#38

Post by FreakShowFanatic » Mon Mar 16, 2020 8:31 pm

FreakShowFanatic wrote:
Mon Mar 16, 2020 8:04 pm
https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.
megman wrote:
Mon Mar 16, 2020 8:12 pm
Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
Exactly Megman, how low do you think it can go? The bottom has to be somewhere.

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Re: Looked at your 401k lately?

#39

Post by Reservoir Dog » Mon Mar 16, 2020 8:50 pm

FreakShowFanatic wrote:
Mon Mar 16, 2020 8:31 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:04 pm
https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.
megman wrote:
Mon Mar 16, 2020 8:12 pm
Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
Exactly Megman, how low do you think it can go? The bottom has to be somewhere.
This whole virus thing will be a non-story by Friday of last week. The news will be spending 60 seconds per hour on it. Trust me. Watch and learn.

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Re: Looked at your 401k lately?

#40

Post by FreakShowFanatic » Mon Mar 16, 2020 8:57 pm

Reservoir Dog wrote:
Mon Mar 16, 2020 8:50 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:31 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:04 pm
https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.
megman wrote:
Mon Mar 16, 2020 8:12 pm
Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
Exactly Megman, how low do you think it can go? The bottom has to be somewhere.
This whole virus thing will be a non-story by Friday of last week. The news will be spending 60 seconds per hour on it. Trust me. Watch and learn.
:lol: I guess the response is that nobody knows, follow the news and let's see what's next. OK.

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Biker
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Re: Looked at your 401k lately?

#41

Post by Biker » Mon Mar 16, 2020 9:06 pm

Reservoir Dog wrote:
Mon Mar 16, 2020 8:50 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:31 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:04 pm
https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.
megman wrote:
Mon Mar 16, 2020 8:12 pm
Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
Exactly Megman, how low do you think it can go? The bottom has to be somewhere.
This whole virus thing will be a non-story by Friday of last week. The news will be spending 60 seconds per hour on it. Trust me. Watch and learn.
First vaccine test injection was today so maybe its not that far off

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Flumper
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Re: Looked at your 401k lately?

#42

Post by Flumper » Mon Mar 16, 2020 9:10 pm

FreakShowFanatic wrote:
Mon Mar 16, 2020 8:31 pm
FreakShowFanatic wrote:
Mon Mar 16, 2020 8:04 pm
https://www.google.com/search?q=dow&rlz ... e&ie=UTF-8

How low can we go? Biker already mentioned when it rebounds there won't be enough company profit to bring it anywhere near 30k. IDK, it looks like it will take years to recover. I think all you have to do is look at the sickness/casualty rate of this pandemic and when it starts to drop significantly buy more stock. For WTC's prediction to be right we need a small miracle, like a quick vaccine. That would be hot.
megman wrote:
Mon Mar 16, 2020 8:12 pm
Dow drops nearly 3,000 points, as coronavirus collapse continues; worst day since ’87

https://www.cnbc.com/2020/03/15/traders ... ogram.html
Exactly Megman, how low do you think it can go? The bottom has to be somewhere.
i'm going to stick to my original thoughts until something happens to change it. The DOW was closing in on 18,000 when Trump got elected. So, for me, that seems to be the bottom that I would expect it not to push through. If it pushed through that, then holy shit.

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Wut
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Re: Looked at your 401k lately?

#43

Post by Wut » Mon Mar 16, 2020 9:16 pm

I'm guessing about 12 to 15 for the bottom, losing about 50% by the end of this.
wut?

FreakShowFanatic
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Re: Looked at your 401k lately?

#44

Post by FreakShowFanatic » Mon Mar 16, 2020 9:21 pm

Wut wrote:
Mon Mar 16, 2020 9:16 pm
I'm guessing about 12 to 15 for the bottom, losing about 50% by the end of this.
Damn, that reminds me of when I put my gambling money in this bitch to begin with, like 12 years or so ago. Somehow, I think you may be right.

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CaptQuint
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Re: Looked at your 401k lately?

#45

Post by CaptQuint » Wed Mar 18, 2020 4:25 pm

The Dow just lost all of its gains since President Trump took office

https://nypost.com/2020/03/18/dow-plung ... rs-return/
“I don't take responsibility at all” President Donald John Trump 03/13/2020

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Flumper
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Re: Looked at your 401k lately?

#46

Post by Flumper » Wed Mar 18, 2020 4:30 pm

CaptQuint wrote:
Wed Mar 18, 2020 4:25 pm
The Dow just lost all of its gains since President Trump took office

https://nypost.com/2020/03/18/dow-plung ... rs-return/
The real barrier wall is 18,000. that's where it was when he got elected. The market had a big upswing after his election (before he was sworn in). So that "took office" number is another media charade that isn't the true picture. the true picture is where the DJIA was on Nov 4th when he was elected.

and before the political nut jobs join in about licking trumps balls, that has nothing to do with this comment. the 18,000 number was a really tough spot for the dow to get through back then. it would nearly do it and then fall back. for months. and then after trump was elected, it just sky rocketed through that number. In hindsight it was because they arleady knew about his tax cut plan for companies.

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CaptQuint
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Re: Looked at your 401k lately?

#47

Post by CaptQuint » Wed Mar 18, 2020 4:35 pm

The Dow may have lost all of its gains BUT Trump's profits continue to soar during his grifter presidency.
“I don't take responsibility at all” President Donald John Trump 03/13/2020

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BigRedRetard
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Re: Looked at your 401k lately?

#48

Post by BigRedRetard » Wed Mar 18, 2020 4:52 pm

CaptQuint wrote:
Wed Mar 18, 2020 4:35 pm
The Dow may have lost all of its gains BUT Trump's profits continue to soar during his grifter presidency.
Link?

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CaptQuint
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Re: Looked at your 401k lately?

#49

Post by CaptQuint » Wed Mar 18, 2020 4:57 pm

BigRedRetard wrote:
Wed Mar 18, 2020 4:52 pm
CaptQuint wrote:
Wed Mar 18, 2020 4:35 pm
The Dow may have lost all of its gains BUT Trump's profits continue to soar during his grifter presidency.
Link?
You need a link to Trump hanging out at his properties?
“I don't take responsibility at all” President Donald John Trump 03/13/2020

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BigRedRetard
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Re: Looked at your 401k lately?

#50

Post by BigRedRetard » Wed Mar 18, 2020 5:04 pm

CaptQuint wrote:
Wed Mar 18, 2020 4:57 pm
BigRedRetard wrote:
Wed Mar 18, 2020 4:52 pm
CaptQuint wrote:
Wed Mar 18, 2020 4:35 pm
The Dow may have lost all of its gains BUT Trump's profits continue to soar during his grifter presidency.
Link?
You need a link to Trump hanging out at his properties?
I need a link showing that his profits are soaring. I do not believe it.

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