RBS Warns: Sell Everything

Discussion in 'Politics' started by SuperCourse, Jan 12, 2016.

  1. jimmy g

    jimmy g Kook

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    Be sure to pay your taxes, Mr Buffet...
     
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  2. SuperCourse

    SuperCourse HILLARY 2020

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    Shoulda bought Smith&Wesson.

    [​IMG]
     
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  3. ABFer

    ABFer Super Moderator Staff Member

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    Hindsight is always 20/20
     
  4. Magoo

    Magoo You don't have to be Einstein to figure it out

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  5. ABFer

    ABFer Super Moderator Staff Member

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  6. Ruffian 72

    Ruffian 72 Well-Known Member

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    [​IMG]
    Buffet, poster boy for "Connected Crony", understand why he likes the current status quo.
     
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  7. SuperCourse

    SuperCourse HILLARY 2020

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    Interest rates near zero with less than 1% GDP growth is the right direction?
     
  8. ABFer

    ABFer Super Moderator Staff Member

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    What is the source of that one? $30/bbl to haul the stuff sounds a little on the stiff side.
     
  9. SuperCourse

    SuperCourse HILLARY 2020

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    The pipeline transportation of crude oil is inherently more cost effective than its movement by rail. Shipping the bitumen to the Gulf Coast by pipeline, the State Department estimates, costs about $10 per barrel, while shipping by rail costs about $30 per barrel.

    http://www.progressiverailroading.c...e-oil-8212-by-Fritz-Kahn-Guest-Comment--37155

    I think these numbers were from 2013. When crude fell below $30 per barrel the rails had no choice but to cut rates.
     
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  10. ABFer

    ABFer Super Moderator Staff Member

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    Nice article, thanks for that link. That adds substantially to the price of a barrel of crude. That article makes it sound like that Keystone Pipeline that some are crying about is marginally beneficial at best.
     
  11. SuperCourse

    SuperCourse HILLARY 2020

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    Hard to say, if crude goes back to $80 as some are predicting then the rails will probably raise the rate back to $30.
     
  12. ABFer

    ABFer Super Moderator Staff Member

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    What to do? Sell? Buy more? Hold? At this point I'm up about 25% for the year and I'm contemplating what to do. I just moved out of one stock because it was under siege by GE and I was able to get what they're offering on the open market. I figured if the deal fell through the stock would tank and the downside risk was enough to get me out. I didn't get rich but you won't hear me complain. For the most part stocks are at record highs right now and that means it's not really a good time to buy...but is it time to sell? Or are we on a strong bull market yet?
     
  13. Woody

    Woody Sons of Trump

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    It's always time to buy !! BUT "what should I bUy ¿?

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  14. ABFer

    ABFer Super Moderator Staff Member

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    That is a fact. More words of wisdom from our resident soothsayer, the only one who felt confident to declare Trump POTUS elect before the rest of us.
     
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  15. ABFer

    ABFer Super Moderator Staff Member

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    The DOW closes up sharply for the second day in a row, not far off of record highs. I'm sure glad that I didn't listen to RBS! My accounts are up 9.9% for the year, keep it coming Donald. :usa:
     
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  16. ABFer

    ABFer Super Moderator Staff Member

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    It must be earnings report week, the market and my portfolio are going nuts. After taking a dip after the June highs things are looking bright in just two short weeks. Currently up 14% in my portfolio for the year. It must be thanks to the Bammer, right? :idunno:
     

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