Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Down. The absolute obliteration of Netflix will result in other internet names being down despite the fact that it doesn't reflect on them. I do think you saw a bounce in some beaten down sectors today. GOOG tomorrow after the bell will be interesti…
CNBC got the memo.
http://www.cnbc.com/id/102090813
"Surging volume was pushing the Chicago Mercantile Exchange toward a single-day high, with 30 million contracts traded by 1:30 p.m. EDT. That easily topped the 26.9 million on May 29, 2013, accor…
"oil is being used as a political tool" ??
How cynical! You really think that the Saudis, Iraqis, Kurds, Russians, Chinese, Venezuelans or Americans would ever resort to that sort of thing?
It works until it doesn't and when it doesn't, it likely g…
Trying to claw it's way back up... be interesting to see where this goes.
CNBC talking about hedge funds in liquidation mode. It would not surprise me. You saw the move up earlier this morning only to see a wave of selling into it. I added a little …
@Scott: $60-$70 would not surprise me. It would likely take a rebound in economic activity around the world to jar it higher. An unusually cold winter might help as well.
True. Also, in terms of the Saudis and oil becoming political, it would no…
"Souki stated, "I think the price of oil could go to $70, and maybe even lower. You need to look at will the U.S. export oil or not, because we seemed to be saturated with staying in the United States right now. The infrastructure simply cannot take…
scott, I don't know much about the rail industry. American Railcar is on all cylinders. Highly profitable. Balance sheet shows improvements over the last couple annual reports. Also Carl Ichan is a major player of the percentage of float.
Oh, I…
With the drop in oil, also look at the rail car builders. Greenbrier from around $75 to $47 in less than a month. Trinity from $50 to $32. American Railcar from around $80 to $60.
Also, a random note:
With all of the discussion about energy being creamed, look at the drop solar stocks have taken. Once again, we have zero long-term view in this country - the SECOND oil drops in price, solar is thrown out without a moment's he…
Here's the thing, when you look at the market as a whole, it's down but not horrendously. When you look at certain sectors (oil, in particular and anything oil related), they've been obliterated. I mean, you have oil majors with a relative strength …
@Scott.
In a word...polarized.
And the implication...gridlock. At least for normal ops. We do still seem to be able to come together during crises.
lol, I almost added that "Heaven help us if we have a crisis, financial or otherwise. People will s…
Any info on whether Richard Kinder has bought more KMI/KMR/KMP? In the past, his buys have often been close to the lows.
Nothing on Yahoo finance, but if it happened in the last day or two, may not be on there yet (Warren's isn't on ETE.)
"These political threads always end badly."
Yes, they do, and you must surely have noticed that I do my best not to start them. But by God, I'm not sitting here and passively listening to total crap like that above.
It's not the political discussio…
Thanks man.
OAK seems to have a pretty extraordinary record on dividends, no?
Sure, never guaranteed. But did I not read somewhere that the salary of all its employees is essentially based on the dividend of OAK?
Oh, absolutely. I just had to not…
@Scott, what do you think of the drillers (ESV, RIG, etc.) as dividend-paying energy stocks?
I think you may have to wait a while for an upswing to business, but if things don't get much worse and you get a leveling off, some of them are interestin…
Sold APA this morning. Bought more OAK.
Still like APA. Just oil continues to plunge. Hopefully, can get back in later time.
OAK div now approaching 7%. Hard to resist. Hopefully, I am not stunk reaching for yield.
If oil continues to slump. And …
Bought VIG and small positions in LUK and BWEL..
Neat choices. I've been meaning to read the book on the BWEL story and have often thought about investing in it.
Stock market is open. Bond market I believe is not.
http://www.thestreet.com/stock-market-news/11771386/market-holidays-2014.html
You will be able to put in mutual fund orders but I'd guess pricing may not change for some bond funds.
I own ECL. I think it's not a pure play on this situation, but I can see demand increasing for some of their services. Longer term, I think it works as a play on a number of things, including energy, water (which I think is a primary interest - read…
Considering adding COG, REXX, CLF in one area; in another, ACHN, ARWR, DVAX, XOMA; OUTR in a third. All worth smart dd if you are in speculative mood.
May buy more PDI on next dip.
Thoughts on CLV (the convertible pfd) vs CLF? I'm not in the mood t…
Cashin has only been on the floor of the NYSE for something like 50+ years.
Edited to add: Bio http://www.businessinsider.com/art-cashin-biography-2012-7?op=1
CNN has not disclosed the weighting functions used to assemble their composite rating. From my perspective, the CNN Fear/Greed Indicator is still a Black Box..
Towards the middle of the page they have the elements that make up the index.
Further ex…
Ever since Apple posted a graphic with the phrase " it's been way too long", people and pundits have been speculating on what the cryptic message means. Apple TV?
http://www.macworld.com/article/2824722/apple-will-live-stream-the-oct-16-special-eve…
Looks like Dairy Queen got hacked. I haven't seen one of those for quite some time.
K-Mart, too. I haven't seen one of those in a long time either lol.
Also, rather amusing that one of the few things that I own that's held up well during all of this is Intercontinental Exchange (ICE), which owns the NYSE.
Companies and countries, even shaky ones, seem to be able to get loans (eg,. Radio Shack).
And I think that's an example of malinvestment due to tons of money flowing around. I think it's very unfortunate what has happened to Radio Shack, but I q…
JB is really one of the few good things about CNBC. That said, 1: the Fed may want to leave but I continue to think that this is the monetary version of "Hotel California." If things start deteriorating rapidly, they'll not only push out rate increa…
You have sectors that have gotten obliterated. Look at some of the ag names. Syngenta (SYT) had an 8 rsi the other day. AGCO making one new low after another. DE. Energy down huge. The market broadly has held up fine - the last week has been anythin…
Everyone was upset about AQR Risk Parity's performance. Up 8% this year, well ahead of its category, as well as the moderate allocation category. AQR L/S also near top of category. (shrugs)
