sell! sell! sell!

[guitarjosh]

I have more optimism than that. I think a lot of breakthroughs are on the horizon over the next 10-15 years to bail us out (atleast I hope)

Also think the sooner we can fail the sooner the centralized banking social engineering will be defeated. Although maybe 1% of the population even know who Janet Yellen is, maybe 3% know who Bernanke is. Even among educated people, pretty scary.

You have more faith than I. I think when you have 2 sides that believe they have a certain set of differing rights, and for one side to have their rights met, the other must think their rights are being violated, we're closer to a civil war than a series of breakthroughs to bail us out.

Regarding the stock market, unless there is awe inspiring news to come out over this weekend or the near future, the bull is dead. There is way too much technical damage done to markets around the globe, and signals that typically show at the start of bear markets.

 

[tiznow]

You have more faith than I. I think when you have 2 sides that believe they have a certain set of differing rights, and for one side to have their rights met, the other must think their rights are being violated, we're closer to a civil war than a series of breakthroughs to bail us out.

again this is mainly a function of overpopulation and human nature wanting more more more.. I'm no bleeding heart liberal at all.. But until we as a society start to think about it in terms of we all in this together vs a very me centered society we've become nothing will change and only get worse..

The elite sociopaths that control the media and such keep pumping us full of divide and conquer type thinking..

 

[tiznow]

Politics are complete broken.. The only solution I see to help is limit terms.. need to rid of career politicians on both sides.. But how can u do that when they have control of that and won't be willing to limit themselves..

 

[tiznow]

Speaking of population growth from a long term investment standpoint Africa will be a key place to look at .. Companies/global brands that make in roads in place like Nigeria with its growing middle class should do real well...

Domestic us can't see much of anything other than healthcare as the baby boomers get old, have little savings overall, with many just scraping to get by.. spending less on most everything other healthcare..

 

[eek.]

in reality the only one that knows is the free market (free market has been dead for along time)

Told ya before buddy, we had that free market at the start of the 20th century, it gave us Communism and Fascism
Stalin and Adolf couldn't have happened without that good ol' boy, the free market

After WW2 the powers that be decided on a different route, a proper free market being bad for long term profitability

Capitalism and Darwinism make uneasy bedfellows, Darwinism sez you can kill to stop yourself being turned into a slave, your mere existence gives you the absolute right to survive and thrive and no law written with fancy 10 dollar words will ever transcend that genetic law which is hardcoded into every human being

 

[eek.]

I have more optimism than that. I think a lot of breakthroughs are on the horizon over the next 10-15 years to bail us out (atleast I hope)

I haven't seen much "new" stuff since the 1960s. We're more efficient etc but new stuff?
Computers, the net etc are from 1960s
Concorde the sr71, the 1960s
Genetics and antibiotics, the 1950s?
Getting to the moon, the 1960s

Nanotechnology is relatively new

I only see us fighting over the same old chit, even cars have barely moved from the 1960s

 

[eek.]

Politics are complete broken.. The only solution I see to help is limit terms.. need to rid of career politicians on both sides.. But how can u do that when they have control of that and won't be willing to limit themselves.

And we have a winnah! Tiz gets the chocolate watch.

Representative politics is dead, we need direct democracy, not a bunch of sociopathic corrupt sexual criminals on capital hill or in westminster

The IRS is showing the way with an online system, they can do it with your tax return... but not your vote...?

People can vote for what they want in the society of the future and the administration follows that policy

Voting for the next Donald Trump is for societies of the past

 

[eek.]

We're at a crossroads, man-monkey is used to having a tribal leader, the waving feather head dress and the drums have been replaced by sharp suits and the mass media, but it's the same old crap

Technology has come a long way in the last 200 years and Darwinism is struggling to keep up

 

[snoop]

Difference between now and '08 is '08 it was all demand collapse that drove crude lower. Now if you've got a demand collapse, you also have excess supply.

I would say if it does go sub-20 that a big oil based ETF has gotta be a good play. It can't stay that low for that long. Most drilling would get shutoff at that price and I think you atleast get back to the 40-50 range soon enough.

Canadian are selling heavy crude for less than $30 since April. WCS benchmark can't get out of that vicious cycle of sub $20/barrel. As low as WTI at this level, I suspect we've seen any capitulation trades yet, if the bears can blast past the next resistance $36, sub 20s are not that far anymore.

Oil will bounce back in the long run, we just don't know how long this downturn will last. The Iran nuke deal is a big hammer hanging above everyone's head. Be prepared to add when it hits $30s, and add more when it dips below $20s, then probably just sitting tight for the next 3-4 yrs.

 

[brucefan]

I think the one thing people are missing in looking at the price of oil, is the effect of the dollar .Dollar index starting to roll over , and as we all know, had a huge run . If the Fed does not raise rates soon, the dollar will be under pressure and prop up all commodity prices including oil. Of course when QE4 is announced, (maybe Monday they way the market sold off,) oil will take off to new highs imo. . Warning to all the shorts

 

[PatsFan1283]

You have more faith than I. I think when you have 2 sides that believe they have a certain set of differing rights, and for one side to have their rights met, the other must think their rights are being violated, we're closer to a civil war than a series of breakthroughs to bail us out.

Regarding the stock market, unless there is awe inspiring news to come out over this weekend or the near future, the bull is dead. There is way too much technical damage done to markets around the globe, and signals that typically show at the start of bear markets.

Yeah I do. I have a lot of faith going forward. We put a man on the moon, we'll figure it out, etc.

I don't think we have "2 sides that believe they have a certain set of rights", I think that is a bunch of divisive BS that gets peddled by the media and political parties because there is value in dividing us. I think about 15-20% are crazy loons and losers who we would be better off without. The other 80% pretty much want the same things, good access to jobs, education, healthcare, upward mobility, food and a chance at the American Dream.

Civil war? I don't think so. I do think a real war with China could happen within like 25 years but that is another subject to another time and impossible to predict.

 

[PatsFan1283]

I have more optimism than that. I think a lot of breakthroughs are on the horizon over the next 10-15 years to bail us out (atleast I hope)

I haven't seen much "new" stuff since the 1960s. We're more efficient etc but new stuff?
Computers, the net etc are from 1960s
Concorde the sr71, the 1960s
Genetics and antibiotics, the 1950s?
Getting to the moon, the 1960s

Nanotechnology is relatively new

I only see us fighting over the same old chit, even cars have barely moved from the 1960s

I concede we have decelerated in innovation since the Apollo 11 landing.

Rate of transport has even slowed in some ways, energy innovation has been nonexistent, etc

We're starting to take a lot of the gains in bits and software and move it into other fields though.

I.e robotics/automation growth, self driving cars (think of what self driving cars at scale would do for society)

Then you have more of a initiative to fund and develop alternative energies than we've had in the past 40-50 years.

I think this country is still phenomenal at innovating. We just don't really do so until we're up against the wall and the last 35-40 years have been very cushy. Once the complacency is gone, we'll see a renaissance in ingenuity. We have the brainpower and infrastructure to do so.

Or we'll see Civil War, who knows.

 

[PatsFan1283]

Canadian are selling heavy crude for less than $30 since April. WCS benchmark can't get out of that vicious cycle of sub $20/barrel. As low as WTI at this level, I suspect we've seen any capitulation trades yet, if the bears can blast past the next resistance $36, sub 20s are not that far anymore.

Oil will bounce back in the long run, we just don't know how long this downturn will last. The Iran nuke deal is a big hammer hanging above everyone's head. Be prepared to add when it hits $30s, and add more when it dips below $20s, then probably just sitting tight for the next 3-4 yrs.

$20 is probably a backup the truck and go all in price. Can't see it getting that cheap really. If it did hit $20, it would likely be because of a deflationary death spiral and global recession worse than we've seen in our lifetimes (atleast in terms of economic indicators, probably not in terms of standard of living)

I do think it probably has a near-term ceiling of around $75-80 or so. Fracking can stop/start much easier than conventional drilling and once we export that technology to places like Argentina we'll have even more supply coming online. Just can't really be done at current prices.

 

[jimmmy4]

The severe drop in oil is because the Saudis don't want to give up their market share and we (the U.S.) were starting to kick their ass with a bunch of shale production. They decided to just turn on the tap and produce more irregardless of the price just to keep their market share up as boss hog. Of course China going in the toilet and Obama caving into Iran make matters much worse. The U.S. producers will be looking at traditional vertical not horizontal shale wells because they are a heckuva lot cheaper and that will help but it will take a while.

 

[jimmmy4]

The severe drop in oil is because the Saudis don't want to give up their market share and we (the U.S.) were starting to kick their ass with a bunch of shale production. They decided to just turn on the tap and produce more irregardless of the price just to keep their market share up as boss hog. Of course China going in the toilet and Obama caving in to Iran make matters much worse. The U.S. producers will be looking at traditional vertical not horizontal shale wells because they are a heckuva lot cheaper and that will help but it will take a while.

 

[PatsFan1283]

The severe drop in oil is because the Saudis don't want to give up their market share and we (the U.S.) were starting to kick their ass with a bunch of shale production. They decided to just turn on the tap and produce more irregardless of the price just to keep their market share up as boss hog. Of course China going in the toilet and Obama caving in to Iran make matters much worse. The U.S. producers will be looking at traditional vertical not horizontal shale wells because they are a heckuva lot cheaper and that will help but it will take a while.

Yeah we got that part down.

What we're saying is if there is a global demand issue that is about to arise, they won't be looking at any ways of drilling and the price will plummet even further.

Just tough to say if that is where we're at. I think it is still a few years away.

 

[tiznow]

More blood

furures down over 2%

 

[PatsFan1283]

See shanghai? 7%

 

[brucefan]

Futures down over 450 . Any rally attempts will be heavily shorted into . Nothing will stop this downtrend now until the Fed steps back in

 

[guitarjosh]

Nothing will stop this downtrend now until the Fed steps back in

Assuming they haven't lost control.