Kolek planning to go pro
https://www.marketwatch.com/story/us-oils-may-contract-has-just-gone-negative-plunging-154-and-trading-at-negative-10-a-barrel-2020-04-20?mod=bnbh_mwarticle-$37.63 a barrel. Can't wait to gas up and the guy has to pay me.
I believe I read a good article (can't find it right now) that said it was actually more expensive to stop pumping, than it is to pay someone to take the barrels. There's people much more educated on this than I am that can probably explain the rationale here, but I know I saw that in a couple of articles yesterday.
Bingo.This country is currently centered around corporate socialism. And it's a freaking scam
A lot of people think in black and white terms.Democratic socialism is the answer. It is what made America great.Big government, big unions and big business, simple.Now we have small business, small unions and bankrupt government and BIG PROBLEMS, thanks guys.
Yes! This has worked out SO well Illinois and California. Thinking what "worked" in the 1900s would work in the 2000s is questionable at best. Times have changed some. Your cause/effect premise is flawed.
Illinois I will give you, it has been badly managed ever since I can remember. But California? Amazing growth and economically sound/surplus budget since the Dems overcame the supermajority requirement. Definitely still an issue with economic inequality to be worked on.GDP is obviously only one measure, but California has been killing it.https://www.statista.com/statistics/306775/california-gdp-growth/
O.K., let's have a 3rd world country. Most of our country lives in 3rd world status anyway.Small government, no unions, and small business. I'm for balkinizing America.I'd much rather pay my quartly taxes to N.Y. or N.J. than to our federal government. 30 % of our GDP is California. It would make a great country.If my thinking has a flawed premise then please explain how our system gives so much political influence to states where nobody lives? And BTW don't pay spit in taxes. I know how it happened and furthermore, when it happeded. That was in the 19th century.And on the subject of the stock market, let's see Wall Street dig themselves out of this one. Ha, good luck. Some of you guys want to talk about government pensions. Game on. It's not the benefits , it's the acuarial value of the assets. It's not just the underfunding, it's the magic of Wall Street, again.
I love day drinking too.
Such a fortunate coincidence ...https://www.charlotteobserver.com/news/politics-government/article242556081.html?Sen. Richard Burr was not the only member of his family to sell off a significant portion of his stock holdings in February, ahead of the market crash spurred by coronavirus fears. On the same day Burr sold, his brother-in-law also dumped tens of thousands of dollars worth of shares.The market fell by more than 30% in the subsequent month.Burr’s brother-in-law, Gerald Fauth, who has a post on the National Mediation Board, sold between $97,000 and $280,000 worth of shares in six companies — including several that have been hit particularly hard in the market swoon and economic downturn.
Been going on for years. Nothing changes. Chris Dodd, Nancy Pelosi's husband, Shelly Capito, Jim Moran, Bachus, and so many others. Both sides. In 2008 Capito sold Citigroup shares the day before the collapse. Moran sold 90 companies before the collapse. Too many of our leaders on both sides corrupt as hell. Such an unfortunate coincidence.
In this particular "coincidence," Burr was caught on tape telling a small private gathering of rich cronies that all hell was about to break loose, but publicly he was telling his constituents "don't worry, be happy." Meanwhile, he and his family members were dumping their stock.So while one can dismiss this with the good ol' "both sides do it all the time" justification, this sure looks like more than that. Currently, Burr is under investigation. I doubt he'll be found guilty of any crime, though; so few are, and he has powerful friends in high places.
It happens with both sides and will continue to happen with both sides. They cannot help themselves.
Take ur politics elsewhere and lets get back to business, who's got some poots or calls recommendations for me???
Think Ellenson Family Reunion gives some good advice above. This dip is a great thing for you being 30 years out. If you are a buy and hold guy, ideas I'd present would be: AMRN, ETSY, ULTA, RVLV, SQ, BA, SHOP, CTAS.Higher volatility biotechs I like (a sector invest 50% of my portfolio): AXSM, FLGT, GNPX, NVTA, SAVA, AQST, IGMS.Bloom Energy (BE) is also an interesting company with a bright future IMO.Invest at your own risk above. Just sharing some ideas.
Not sure this needs to be politicized. Not sure you or me or anyone else would hold their positions if they felt a high likelihood of market drop of 30%. Of course we all knew about COVID back in December, January, February, and nothing seemingly changed, until it inevitably made its way here as it has to what, 185 countries?So, he traded on govt briefing info...which of course seems unsettling, but should being a govt official preclude one from making an investment decision? Officers in publicly traded companies can buy or sell shares at any time.That aside, timing the market is a fools errand, and Burr likely has missed out on all of the bounce back since that time. (Which by the way I think is a complete overreaction - this bounce - I anticipate market will take a big step back in July/August as Q2 earnings and unemployment effects are much more fully known.)