RBS Warns: Sell Everything

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

  1. jimmy g

    jimmy g Kook AD-FREE USER

    Messages:
    18,286
    Likes Received:
    10,672
    Be sure to pay your taxes, Mr Buffet...
     
    Magoo likes this.
  2. SuperCourse

    SuperCourse Well-Known Member

    Messages:
    9,220
    Likes Received:
    7,999
    Shoulda bought Smith&Wesson.

    [​IMG]
     
    slavenomore, Woody, Rastus and 2 others like this.
  3. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    Hindsight is always 20/20
     
  4. Magoo

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

    Messages:
    23,027
    Likes Received:
    5,786
    [​IMG]
     
    slavenomore likes this.
  5. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
  6. Ruffian 72

    Ruffian 72 Well-Known Member

    Messages:
    968
    Likes Received:
    290
    [​IMG]
    Buffet, poster boy for "Connected Crony", understand why he likes the current status quo.
     
    Woody, ABFer and SuperCourse like this.
  7. SuperCourse

    SuperCourse Well-Known Member

    Messages:
    9,220
    Likes Received:
    7,999
    Interest rates near zero with less than 1% GDP growth is the right direction?
     
  8. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    What is the source of that one? $30/bbl to haul the stuff sounds a little on the stiff side.
     
  9. SuperCourse

    SuperCourse Well-Known Member

    Messages:
    9,220
    Likes Received:
    7,999
    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.
     
    ABFer likes this.
  10. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    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 Well-Known Member

    Messages:
    9,220
    Likes Received:
    7,999
    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 Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    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 pecker Champion

    Messages:
    4,768
    Likes Received:
    2,122
    It's always time to buy !! BUT "what should I bUy ¿?

    [​IMG]
     
    kboomarang, Big Dave and ABFer like this.
  14. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    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.
     
    Woody and kboomarang like this.
  15. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    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:
     
    SuperCourse likes this.
  16. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    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:
     
    Northern Flash likes this.
  17. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    Sell, sell, sell, baby, market's at new highs day after day. :wee: I'd guess that those Black Friday and Cyber Monday numbers have set 'The Street' on fire. The only question I have is how long will this bull run last?
     
  18. Magoo

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

    Messages:
    23,027
    Likes Received:
    5,786
    And a crazy guy is running the country!
     
  19. ABFer

    ABFer Well-Known Member

    Messages:
    18,966
    Likes Received:
    11,060
    Whoaaa! After a healthy correction on Friday me portfolio is on fire today! :greedy dollars: MAGA :usa:
     
  20. jimmy g

    jimmy g Kook AD-FREE USER

    Messages:
    18,286
    Likes Received:
    10,672
    3 weeks ago I put a total of $225 (had stopped at 175, now added more) into 3 different Cybercoin investments. Those total a worth of $580 today.

    Bitcoin was $6600 then, $19,000 now.

    Ethereum was $500, now $790

    Litecoin was $30. Now over $300
     
    Northern Flash likes this.

Share This Page