Posted on 12/14/2014 7:43:31 AM PST by expat_panama
” However, beyond a certain point prices falling will threaten the domestic industry that led to that manufacturing renaissance and we appear to have reached that point, so its become a bad thing from my perspective. The price per bbl of oil needs to remain in viable territory for domestic fracking to continue and expand. Falling price can be bad and is for this reason.”
Well, here is another look at falling oil prices. The best our Economy did last century was during Reagan’s years and the price of oil tanked.
Crashing Oil Prices Will Be Terrible ONLY For A Tiny Part Of The US Economy
http://www.businessinsider.com/energy-investment-a-small-share-of-gdp-2014-12
Had an employee quit today... Damn. Great guy. Anyone know of any good FP&A people in Atlanta looking for a new gig?
BTW NAHB was not good news. Neither is WTI. If you were long USCRUB you are having a good day :-)
Yep, that’s typical a decision tree for investors and business people. It’s hard to Monday Morning QB decisions that were totally sound given all the available data, then the market changes. That’s the history of markets, all of them not just stocks and bonds. How many guys sold out just in time?
Once I make a decision I will tweak it as time goes on, but I don’t second guess it or look at somebody else’s portfolio, life or spouse. I’ve had to drink plenty of lemonade, but I’m happy with the things that really matter. If money’s your scorecard, you’ll never have enough and it really doesn’t buy happiness.
Anyhoo, last Thurs the quarterly Flow of Funds report came out and it snuck right by me. The reason the extreme left media kept mum is all the bad economic news:
But there is a price at which it becomes a screaming buy. The trick is figuring out what is the number.
huh —very low unemployment rate among the competent.
I know... it’s going to be very hard to replace him... very difficult to find competent people.
Almost there.
Ruble tumbles 9.5% to new record low despite interventions
http://www.freerepublic.com/focus/f-news/3237466/posts
Russia increased rates to 17% from 10.5% as per Bloomberg.
Oops
Sorry, Putin. Russias economy is doomed
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/15/russias-economy-is-doomed-its-that-simple/
Good Morning --stock index futures are really upbeat today @ +0.31% today!!
Promises promises. They were upbeat yesterday morning too and we they got slammed enough for IBD ro rate this officially market in correction. fwiw, futures are down for metals this AM, but inspite of the hooplah they've also been sagging lately w/ silver heading back toward $16 and gold stuck at $1,200.
Humph. So while today we'll hear from Housing Starts, Building Permits my thinking is that (like we've seen before) investors would still be doing better buying at the "correction" and selling at the "uptrend".
Warning: past performance is no guarantee of future returns.
Hey no problem because we can all sit back and enjoy this NASA video that's gone viral --my daughter's in it and she & her coworkers put together...
Futures have turned negative, while oil is also down.
So what about money, Jake?” Gekko challenges him. “You like her?”
“Do I like her?” Jake sputters. “I’ve never thought about money as a she.”
“Oh,” Gekko says. “She lies there at night in bed with you, looking at you, one eye open money never sleeps.”
You’re right —indexes -0.08, all markets -0.23; pretty good day for short sales maybe...
Hope none of you are trading USDRUB - Adult Swim Only... gracious that chart is a MESS!
Good Video! So I assume daughter is the cute one?
Right. The idea is that it’s good to have a really smart parent and a really good looking parent and my daughter got it all —she got the good looks from the wife, the terrific brains from my wife, and she inherited my exceptionally good luck...
I’d rather have lucky generals. ;-]
LOL I saw that video yesterday. Didn’t knew there was a STAR in it! ;-)
This oil price collapse is bringing us an investment opportunity the likes of which I didn’t think I’d see again. I don’t for a minute believe this low price will last... in the long term.
I could see it falling a little further... $50. Maybe even lower... $42 was the low close from 2009 ($37.5 Intra-day). 6 months from now, does anyone really believe Oil will still be below $50? I don’t.
IMO, this collapse is a coordinated event... planned by the US, with help from the Saudis, to punish Putin and slow the development of shale oil and LNG in the US. It’s working, too....
Of course, the question is: How long does this game go on? When the price starts to go back up, it will move quickly. But, that might yet be a while.
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