Posted on 01/05/2015 4:01:35 PM PST by blam
Myles Udland
January 5, 2015
The first full week of 2015 got off to a terrible start, with the major stock indexes getting crushed and the price of oil crashing to new lows.
First, the scoreboard:
• Dow: 17,501.6, -331.3, (-1.86%)
• S&P 500: 2,020.6, -37.6, (-1.83%)
• Nasdaq: 4,652.6, -74.2, (-1.57%)
And now, the top stories on Monday:
1. As was the case for the last few months of 2014, 2015 started with just one thing at the top of investors' minds: the price of oil. On Monday, West Texas Intermediate crude oil broke below $50 for the first time since April 2009. Brent crude oil, the international benchmark, also briefly cracked $53 a barrel. The price of oil just can't seem to find a bottom, and as we look towards the rest of the year, we highlight comments made by DoubleLine's Jeff Gundlach — who nailed the interest rate call in 2014 — and said in a December webcast that if oil gets to $40 a barrel, "something is very wrong with the world." We're still $10/barrel away from that.
2. On the whole, Wall Street analysts agree on one thing for the stock market this year: it is going higher. In a note on Monday, Goldman Sachs, one of the most conservative firms on Wall Street for 2015, said that its sentiment index was at the highest possible level, indicating a high probability of weakness for stocks over the next six weeks. Additionally, Goldman said that stocks would fall, then rise to 2,150, then fall again to finish the year at its target price of 2,100.
(snip)
(Excerpt) Read more at businessinsider.com ...
Buy more stock!!!!! Definitely buy more stock!!!! For God’s sake don’t sell. That is the dumbest thing to do. It stuns me when people do that. I have been in the stock market since 1987 and never sold a thing including the horrible 1987 and 2008.......I just kept buying.
anyone wonder how Bambi feels about it? he was never there when gas was pushing 4.00 a gallon. all he could say was, “Ahh, errr, well ahh, dares notin I can do, its like, deres no silva bullet dat can fix da problem. anyway, i need to go back to the golfcourse.
Yep. There hasn’t been a 20 year period in history when stocks didn’t make money overall.
Will Obama blame it on the GOP ? LOL
What I’m saying is that there are bargains right now, there are stocks right now that if you’re shrewd enough, you will be able to buy them at the opening today and I you’ll make money in a year from now.
Jim Cramer
Jimmy’s old quote is about catching a falling knife....
Jeez, this is hilarious.
They can’t gouge people anymore with a fictitious and usurious oil price unrelated to actual supply and the world is gonna end?
Buy a Transportation sector stock. Methinks all those airlines with hedged fuel costs are about to do really well.
The first couple years of the Big Ears presidency I was told by the pundits that the price of gasoline being so high was a sign that the economy was roaring along from the high demand. That, of course, was different than the Bush years where I was told the price of gasoline was high to enrich Bush’s oil buddies. Now that oil is low I am told it is good and bad. Good, because Obama can claim credit, but bad because Wall street is hurting. I just can’t keep track.
really? the economy was booming in 2009-2011? where was I? living under a rock?
does this mean that the hourly rate for a call girl will also plunge 50% this year?
March 6, 2009 6,626.94
December 30, 2011 12,217.56
I used to play the "PUTs" and "CALLs." It's just about like bettin "on the come line" in craps.
and if the economy was booming, we would of seen about 500,000 new jobs a month. and even at that rate, wouldn’t of made a dent with 90 million out of work.
My first order of business when I finish my shift ...
I have it from an unimpeachable source, well, impeached but once, that call girls will be going down as a matter of certainty.
The economy wasn’t good in many aspects for many people, but money was made from an investor’s perspective.
They always do...
I’m open for some opining...any thoughts on these at current price?
MBLY - Mobile Eye - driverless car “brains”. On this one, 6 mos ago it IPOd...that said, Buffet is scared of it as the Google car has gone 500k miles w/out incident...his Geico auto rates could be impacted...but, his crony capitalism may stop driverless cars like his CSX stopped the Keystone Pipeline...hmm
DD - Dupont
BTU - Peabody (looks like a Pike Logan or a Mitch Rapp or a Brad Thor character beat it to a bloody pulp)
((rimshot))
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