Official Let's Make Some Money Off Stocks Thread
06-30-2008, 05:14 PM
#171
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This is an interesting video clip.
Rubin is saying $7+ gasoline soon (2010) and people will be forced off the road.
So demand destruction and higher prices.....which is exactly what the data is saying.
http://youtube.com/watch?v=rh6x9gA2u-A
Rubin is saying $7+ gasoline soon (2010) and people will be forced off the road.
So demand destruction and higher prices.....which is exactly what the data is saying.
http://youtube.com/watch?v=rh6x9gA2u-A
06-30-2008, 07:30 PM
#174
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Originally Posted by wantone,Jun 30 2008, 04:24 PM
Any comments on the economy and the Credit Card market? Where do you guys holding 'V' see it going?
not a good thing for it but I don't see it going too far down from anything.
growth should remain strong in emerging markets around the world where credit card use will become more prevalent.
06-30-2008, 07:37 PM
#175
Originally Posted by cthree,Jun 30 2008, 06:28 PM
I'm liking the market right here as a buyer. Prices are cheap and the VIX is rock bottom. I think we're in for a big rebound real soon.
High VIX would indicate a bottom. Low VIX indicates there it little panic meaning we are not at a bottom.
I still haven't heard any positive economic/big corporate news. The only basis for calling a bottom is looking at valuations. Or you could get lucky and call a bottom right when oil cracks.
07-01-2008, 12:08 AM
#176
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vix probably wont' spike to 30+ until you get the commodities, energy and oil sectors collapsing because they are still going very strong.
last 3 times around when vix was 30+, everything was taken out. This time, not yet.
last 3 times around when vix was 30+, everything was taken out. This time, not yet.
07-01-2008, 04:26 AM
#177
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i think V is fundamentally good, just needs some news for the market to justify breaking out of that high 70's mid 80's range.
sahtt, which refiner are you long? i was holding TSO for a long time and was able to average down and sell for a minor loss, but things aren't really looking good for refiners unless you're hedging against a fall in oil.
which oil driller are you long? they all seem so expensive..
sahtt, which refiner are you long? i was holding TSO for a long time and was able to average down and sell for a minor loss, but things aren't really looking good for refiners unless you're hedging against a fall in oil.
which oil driller are you long? they all seem so expensive..
07-01-2008, 06:30 AM
#178
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I'm getting hammered by MOS. At this point, I hate to sell and take such a hit and it's fallen enough that I'm wondering if I should start buying more. Anyone have an opinion? I know someone mentioned awhile back they might start buying at 145 -- well it's 138.xx now. What do you think?
07-01-2008, 08:50 AM
#180
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Look at the SKF chart -- it's parabolic, i.e. unsustainable. We're gonna have to have a turnaround at some point here.
I personally just wish I had loaded up on SKF at the beginning of May. What a run, and as predictable as ever. I feel like an idiot for not having taken advantage.
- Warren
I personally just wish I had loaded up on SKF at the beginning of May. What a run, and as predictable as ever. I feel like an idiot for not having taken advantage.
- Warren