sell! sell! sell!

[tiznow]

Look around at colleagues that above that level working 60 hour weeks constant travel big families etc no clue how they do it or what even motivates them..

Competitiveness, and the guy(or gal) with the mostest is the winner.

It's starting to fuck up some of the people I know who are still at it in their 50s, the health issues are starting to kick in bigtime in some cases but they don't know anything else, it's like there is nothing else, they'd be lost without it

Saw this on the wall eating at jimmy johns today

no clue how they got most of mankind to buy into the rat race.. Great social engineering consumerism wise in the western world I supoose.. Desire Of wanting more more more .. So the top of the pyramid can have more more more...

-----

The American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.
The Mexican replied, “only a little while.”
The American then asked why he didn’t stay out longer and catch more fish?
The Mexican said he had enough to support his family’s immediate needs.
The American then asked, “but what do you do with the rest of your time?”
The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life.”
The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat, and with the proceeds from the bigger boat you could buy several boats. Eventually, you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually NYC where you will run your expanding enterprise.”
The Mexican fisherman asked, “But, how long will this take?”
To which the American replied, “15-20 years.”
“But what then?”
The American laughed and said that’s the best part. “When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions.”
“Millions?” asked the fisherman, “Then what?”
The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evening, sip wine and play your guitar with your amigos!”
(Author Unknown)

 

[tiznow]

I'd say I called it but that was easy 1 to call. Nobody wants that type of uncertainty. Microcosm of the world.

Greece PM tells the voters to vote against it .. the voters do... and the guy ends up accepting the same thing if not worse..

comedy gold

banksters batting 1.000 since Ben started QE.. Eventually the house of cards built on even bigger piles of debt with increasing instability due to rich/poor divide will crumble

 

[eek.]

I'm a lot like that fisherman....

It takes longer to catch the Tuna now compared to the old days and my cab work has all sorts of technology arriving like driverless cars and uber

Once burger flipping robots which can serve customers arrive the little guy is fooked

A guy I know has a google app you talk to on your phone, it was just like the Star Trek computer
It answered verbal questions like "How many beans in a can of baked beans?"

Glad I'm getting old

 

[eek.]

Gold price falls to five-year low on US rate rise talk

The gold price has fallen to its lowest level in more than five years as talk of a US interest rate rise has led investors to sell the precious metal.

Gold closed 2.5% lower at $1,104.60 an ounce in London, having earlier fallen below $1,100 an ounce for the first time since March 2010.

The gold price is now more than 40% below its August 2011 peak.

The stronger US economy has led investors to expect the Federal Reserve to raise interest rates this year.

The expectations have led investors to gradually sell gold - a perceived safe haven investment in times of crisis - to invest elsewhere.

Other commodities have also fallen, with the price of platinum down 5% - its weakest level since the global financial crisis.

Evan Lucas, a market strategist at trading firm IG, said the recent slump in gold prices could signal a "retracement" to $1,000 an ounce by the end of the year.

"There are no clear signs (or reason) to buy it. It is an inert metal that is a store of value yet inflation is heading nowhere and investment in the US dollar and bonds is clearly more appealing," he told the BBC.
China's reserves rise

The price fall comes despite China, the world's biggest consumer of gold, saying on Friday that its gold reserves were up 57% at the end of June compared with the last time it revealed reserve figures more than six years ago.

However, the rise was below analysts' expectations. Gold now accounts for 1.65% of China's total foreign exchange reserves, compared with 1.8% in June 2009, despite the increase in tonnage.

Gold has been falling out of favour as the dollar strengthened last week after Fed chair Janet Yellen reiterated the view that the central bank was on track to rise rates this year.

Shares of London gold miners were hit hard by the fall in prices.

http://www.bbc.co.uk/news/business-33590480

 

[snoop]

It got smacked down hard today.

:smoking:

 

[PatsFan1283]

SunEdison buying Vivint an interesting deal. Nice 45% premium at 2.2B too.

Looking to be #1 in the residential and commercial space.

 

[CHOPTALK]

DNR almost at historic levels right now.

Gotta go get me some more of this cheap shit .

Either going to get rich or go broke.

 

[PatsFan1283]

DNR almost at historic levels right now.

Gotta go get me some more of this cheap shit .

Either going to get rich or go broke.

Do you know the company HOS? It is also at firesale prices.

They make vessels that ship oil in the gulf coast. Since there is no new activity there they've gotten killed obviously. The ships just sit there, however, their fleet is very nice and consists of newer ships so any increase in production and they should be the "first off the lot" so to speak.

Another thing is they are protected by this antiquated maritime law that gives them a wide moat. It is called the Jones Act and states that ships used from US port to US port must be US built ships. Protectionism at it's finest. McCain's crazy ass tried to repeal this in January but it is going nowhere.

A good reference for how they can holdup during bad times is 2011 after the BP spill. They still had 110 million in free cash flow that year despite the fact drilling in the gulf was dry. Company is only valued at 600M right now, less than book value. It really can't go much lower and if oil ever rebounds it should go up 2-3x.

From the due diligence I've done I'm almost surprised they aren't exploring taking themselves private. CEO is the founder too which is always good.

 

[PatsFan1283]

If you look at the chart it is clearly correlated with oil prices and has tons of upside if peak oil does return.

 

[snoop]

The sentiment is very bearish since Iran nuke deal, if crude retest March low, everyone will head lower. Split your trade between big boys (XOM, COP, CVX) and whatever a riskier trade just to be safe.

 

[PatsFan1283]

Yeah we're moreso talking about gambles. We've seen peak oil 2x in the last 10 years alone. It really doesn't take much for the tide to turn. Few million barrels over demand a day can cause a crash and just a few million under can cause a boom.

If we can find companies that aren't at risk of going under then it makes sense to get them cheap and wait it out. Unless oil is just plentiful supply for an extended period of time but it just seems with how fast the world is growing that is almost impossible unless other energy sources really change things. The world is just too damn big and needs too much oil.

 

[PatsFan1283]

HOS nice earnings report yesterday. Came in over 2x above expectations.

Up 7% since.

 

[PatsFan1283]

HOS up 8.5% today

 

[PatsFan1283]

Market just complete comedy today. What utter absurdity. Swings from down 1.15% to slightly even to back down 1% all on trying to interpret Yellen comments.

I'd be very surprised if we see 2200 before 17-1800.

 

[PatsFan1283]

Market just complete comedy today. What utter absurdity. Swings from down 1.15% to slightly even to back down 1% all on trying to interpret Yellen comments.

I'd be very surprised if we see 2200 before 17-1800.

Well, I think this prediction is on its way to being correct. Even if it isn't, just about done got all the value out this thing I feel like I could.

Sold 3 core holdings this morning.....1 divi mutual fund, 1 divi ETF and SPY. Hell of a ride!

 

[tiznow]

Fed bubble finally popping.. We now flat for basically a year now... As no more QE .. Talk of rate hike pure comedy as usual... Higher chances of more QE to fight a deflation death spiral

qe hilarious failure all the cheap money just went to the elite via stocks as companies took on cheap debt to fuel m&a boom and share buyback boom.. Very little true organic growth outside your google types.. Just number fluffing.. Maybe they'll see no other choice but to keep digging the hole deeper with more QE...

things vs will start getting very interesting on the streets soon... Once the elite pull back jobs etc will follow and most people right now just struggling to get buy paycheck to paycheck with ballooning health care costs, shitty benefits, stagnant wages etc

fun times.. Keep on a printing and protecting the status quo elites

 

[PatsFan1283]

Fed bubble finally popping.. We now flat for basically a year now... As no more QE .. Talk of rate hike pure comedy as usual... Higher chances of more QE to fight a deflation death spiral

qe hilarious failure all the cheap money just went to the elite via stocks as companies took on cheap debt to fuel m&a boom and share buyback boom.. Very little true organic growth outside your google types.. Just number fluffing.. Maybe they'll see no other choice but to keep digging the hole deeper with more QE...

things vs will start getting very interesting on the streets soon... Once the elite pull back jobs etc will follow and most people right now just struggling to get buy paycheck to paycheck with ballooning health care costs, shitty benefits, stagnant wages etc

fun times.. Keep on a printing and protecting the status quo elites

I think so. Corporate profits peaking, China, the fed saying OMG WE MIGHT RAISE RATES OFF ZIRP IN 6 MONTHS!!! causing all that movement yesterday.

I've emailed/texted pretty much everyone whose opinion I respect on the subject and most came to the conclusion predicting the future is damn hard but upside is minimal at this point. Just think there is more downside but you obviously never know how long they can keep it going.

It's a mess.

 

[PatsFan1283]

Down another 1% since I sold...Already saved some losses.

Sure Yellen or ECB/BAJ/China will step in with more QE to temporarily give it a boost. Not even sure how people could buy that stuff at this point though after seeing what Yellen's comments did to the market this week.

 

[MedellinSportsPicks]

I'm long SPY calls for next week Just think were over sold I bought the last few minutes of the day I also think we mover higher not lower later in the year I don't buy into all the Zero Hedge end of world talk and CNBC fear mongers. As always buy this dip Good luck to all however your positioned

 

[tiznow]

Everything else but U.S. stocks already spit the bit before this ... China market collapse led things as well back in 2007 ... Looks overdone near term and may bounce ... Beats get very volatile in general... when market hasn't had a meaningful correction in many years classic sign of fun near the end..

that said stocks in general a tough call since it is now addicted to the QE crack... Words muttered by a few powerful people can move trillion dollar marketsinnan instant... Markets now throwing a tantrum cause the QE high is wearing off.. Will see how long tell Yellen yells QE infinity continue... It's all a complete joke and very few seem to get it or care..

regardless of the digits on Wall Street debate the middle class (what's left of it) and average joe is scroomed in the us..