Posted on 03/12/2020 10:28:12 PM PDT by willk
Sorry for the vanity. I dont know anything about the futures market but wow that was a fast turn around. Could it be we hit a bottom and it caused programmed bugs to kick in?
Fed promised to inject a lot of cash into the system.
I think the Fed has been buying stocks at least since 2008.
It never predicts anything ... at best 50/50 ... do you feel lucky?
Good post.
It was interesting to watch the turn last night.
Still have not see an explanation really. All the burning hair is still on fire.
Plunge protection team and $1.5T Fed liquidity injection likely has something to do with it.
Not sure anything has been signed into law yet.
Just wait to see what happens to the dollar when the government will need a huge infusion of cash to fund the 2 big entitlements in the next 6 years. This will give a whole new meaning to "over leveraging".
Maybe the markets figured out that cheap fossil fuels is a good thing? Also the Wuhan province going back to work points to overreaction.
Well, I just placed a couple of buy orders for this morning, backing up my faith in the US of A and capitalism with cold, hard cash. And if its TEOTWAWKI, money don’t matter anyhow.
Law, schmaw. When JPM gets the word and know there’s tremendous short interest in the market, they slam the buy button.
I’d be surprised if they are. I don’t think they even buy index funds which is what they would most likely do.
The bond market is huge and much better suited to the liquidity needs of the Fed. Stock traders react to what the Fed does in the bond market anyway.
It will be awhile before we know if this is a V shaped bottom or just a breather in a fresh bear market.
Might be worthwhile to sift through the carnage in energy stocks, look for survivors that aren’t loaded with debt.
Oils?
PPL, XOM, RDS.B
Thanks. What do you think of NBL?
Haven’t followed that company, tho I’ve heard of it. Quick check shows they’ve got a spotty dividend history. They’ve had to cut a couple or three times in the past few years.
https://www.nasdaq.com/market-activity/stocks/nbl/dividend-history
Also, they’ve got quite a bit of debt, which could make them vulnerable.
https://finance.yahoo.com/news/noble-energy-inc-nyse-nbl-162251683.html
At my advanced age (70) I had been looking for what’s referred to as ‘dividend aristocrats’ and XOM is first among equals. RDS has a good history, also.
That is what I’m doing. Looking for something that looks like a pearl among swine or something like that.
How do you feel about dividends holding up in the midst of super low interest rates. I’m being told the companies are being pressured to cut dividends. The play being that with interest rates so low the share holders will be happy with whatever they are given that is more than interest rates. Interest rates have been low for some time and they have mostly sustained dividends.
I say SH of old higher priced dividends will dump the shares if the dividends are cut. Of course someone will buy them and still be happy I guess. Winners and losers.
I just took a look at their yields. I think I’ll follow your lead.
Noble has been around for decades, but it’s certainly not safe like those majors.
https://corporate.exxonmobil.com/Investors/Investor-relations/Dividend-information
ExxonMobil’s dividend payments to shareholders have grown at an average annual rate of 6.2% over the last 37 years.
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