Posted on 07/25/2015 11:24:45 PM PDT by BenLurkin
.S. Stocks declined mainly due to disappointing second results by many companies and negative news from markets overseas. The bleak future outlook from some of the companies also led to selloff in the markets. The turmoil in the Chinese market was also noted as an issue by many stock market analysts.
Many companies performed better than Wall Street expectations including Google and Amazon. Investors were concerned about bleak outlook for future quarters by some of the companies.
..
For S&P 500, healthcare stocks faced the tough time during the week. Nine out of ten major sectors on S&P 500 ended lower during the week.
(Excerpt) Read more at nycity.today ...
More proof that hussein’s destruction of the Republic is well underway. He hates the American way of free enterprise and has killed profits with confiscatory taxation and onerous regulation. I long for the days of Reagan Prosperity when I was getting a steady income stream from my investments.
Hussein and Co. can't keep it up for much longer.
Eventually something will give.
Oil otoh, is a buy at these prices. Long.
Hopefully this abrupt decline is not because of the foreboding Iranian nuke deal.
“Oil otoh, is a buy at these prices. Long.”
I sure hope you’re right. I’m getting killed in the oil/natgas related areas.
I don’t hear about too many fracking-related bankruptcies at these levels like some feared, so that’s a bright spot.
Last I heard, T. Boone Pickins called for $70 oil by the end of this year.
Frackers have their overhead under control due to pricing, but for how long we’ll wait and see. 60-70 estimate. Uwti looks great.
UNEXPECTED! This can’t be true. Thursday the Gov’t said companies are on the biggest hiring binge since Reagan and unemployment is a low 5.3%. /s
I think people are very concerned about the global economy as indications are that there are problems everywhere, especially with Greece and China’s recent stock market plummet. Plus you’ve had reports about banker after banker dying mysteriously the past year and to add to that the Pope is supposed to appear before the UN Council between September 25 - 27 to talk about sustained development / Agenda 21 which screams setting up the NWO. Add to that Obama has done everything but hand the nukes to Iran (he may have, who knows really) and you have what looks like a very unstable world. I’d be cautious about investing too.
Hussein is just a symptom of Romans 1:25+
AS I PASS through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.
...
As surely as water will wet us, as surely as fire will burn.
http://www.kiplingsociety.co.uk/poems_copybook.htm
Uhh...unless Iranian oil enters the market. Then we are looking at sustained below $50 oil for quite some time. Cranes are moving out of Texas from oil operations to building construction.
I don’t make my own predictions for the future price of crude. But I do put a lot of stock in people like T. Boone Pickens, who not only says %70 oil by year’s end, but back to 100 sometime next year.
He knows the oil business a lot better than I.
That’s $70 oil and $100 oil respectively. Sorry for the typo.
His predictions are wrong as often as they are correct.
I personally would not place too much faith in his predictions, given that he has a vested interest in oil and so WANTS to see the price go up, and is likely NOT factoring in the Iranian crude which will hit the market.
I hope I'm completely wrong and Pickens is right.
I agree with you.
Barring Iran lighting up the ME, I don’t see much upside for oil either.
I’ve read opinions recently saying both oil is going higher and oil is going lower. There are so many crosscurrents that affect crude maybe it’s a coin toss.
But based on current supply and demand, it looks like softer prices are in the cards. I hope we’re both reading our tea leaves wrong!
Didn’t old “T-bone” lose a huge fortune betting on wind power?
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