Ahh, that sounds more like my plan. I will be into long bonds at some point - somewhere between the pending recession and the money printing. I just don't think we are quite there yet.
*Investors Blog*
- Thread starter Warstud
- Start date
Probably about the next time I change the oil in my mower. Could be next week, could be 10 years
I’ll be shocked if it stops at $100. OXY is still a good price I think. Buffet owns a bunch of it.
I’m in love with this stock and have been since it was less than $100 a share.
Call me crazy but owning a fair amount of it I can always sleep at night. Even during the worst of Covid and I suspect worst of times it will always be ok.
Boring? Yes
But…
Call me crazy but owning a fair amount of it I can always sleep at night. Even during the worst of Covid and I suspect worst of times it will always be ok.
Boring? Yes
But…
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https://www.cnbc.com/2023/09/20/wee...driven-by-a-strange-surge-in-refinancing.html
“ Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense.
Applications to refinance a home loan jumped 13% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Application volume was still 29% lower than the same week one year ago. “
Seems like some folks are out of cash and getting desperate to refinance their home at these rates.
“ Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense.
Applications to refinance a home loan jumped 13% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Application volume was still 29% lower than the same week one year ago. “
Seems like some folks are out of cash and getting desperate to refinance their home at these rates.
https://www.cnbc.com/2023/09/22/rus...l-exports-could-worsen-a-global-shortage.html
Now they say indefinite ban.
Get ready folks, things will be affected globally.
Lets not forget the Saudi cuts.
Now they say indefinite ban.
Get ready folks, things will be affected globally.
Lets not forget the Saudi cuts.
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The world runs on oil.
Some of the West Coast area prices on their best day is the same of some East Coast prices on their worst day.
Todays price near me on the SC border, Shell gas
Good news is we hold some of the largest reserves in the world. We just have to drill and pump, problem solved.
Being the stock market has gone no place for years. I predict a recession around 2030
I don't follow prices too closely, but the recent price increases are all over the news. 40 cents or more in the past few weeks.Some of the West Coast area prices on their best day is the same of some East Coast prices on their worst day.
Todays price near me on the SC border, Shell gas
Good news is we hold some of the largest reserves in the world. We just have to drill and pump, problem solved.
View attachment 179907
Being the stock market has gone no place for years. I predict a recession around 2030
$5.30 for rag around here at the cheapie stations. Add 30+ cents for Chevron, etc. $5.20 at Costco, about 10 miles away.
I don't know how people make ends meet.
They rack up crazy credit card debt and pay the minimum, they also use Buy Now Pay Later apps like Affirm to buy the necessities.
This week I bought $133 of gas for my company car and put everything on my company credit card.
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They say if it doesn't kill you it makes you stronger.
I have posted my past homelessness, etc. No one protects themselves from money problems like I do.
Hard luck and trouble are great teachers.
Demanding better health care?
From Kaiser? Good luck with that.
There are so many moving parts its hard to sort it out. We have had a huge increase in interest rates along with a huge increase in fuel prices - but were not anywhere near a recession - if you believe the numbers. We have wartime deficits in peacetime - but the long bond is still low. The market is up 20% this year - but if you take out the magnificent 7 its not really up much. The real estate market is anemic on volume, but prices continue creeping up.
I am just confused.
I think I will look through the part of my portfolio I manage, and sell half it on Monday. Buy some more 5% T-bills and wait for something to happen?
I am just confused.
I think I will look through the part of my portfolio I manage, and sell half it on Monday. Buy some more 5% T-bills and wait for something to happen?
