Investors....come in please!

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Originally Posted by Mr Nice
PimTac,

You sheltering any profits after this very long decade + of run up ?





No, I'm not as active in the markets like I used to be. I'm pretty spread out among the various classes of stocks and fixed income. Right now I'm taking monthly income so I am at that point in life.
 
once we take out 2850 you can just stay short and watch Gundlach's favorite indicators...awful, but pandemic has always been one of many risks.
 
The market is just using the hysteria as a reason to sell. We came close to 30,000 as the intended target after the run up from 6700+- in 2009 to the 29600 in 2020. We should have another rally in the coming days and that will more than likely get sold into, again. We will see.
 
ill watch for this resistance point before I start buying again

[Linked Image]
 
Russia unhappy OPEC not wanting to cut production.

Production needs $50-55 a barrel to be profitable. Lots of job cuts in the oil industry very soon.

The long market run is quickly coming to an end. Which is really not a big surprise.

Expect Chevron and Exxon Mobil to cut their dividend very soon if crude gets pummeled ....
 
Originally Posted by Mr Nice
Russia unhappy OPEC not wanting to cut production.

Production needs $50-55 a barrel to be profitable. Lots of job cuts in the oil industry very soon.

The long market run is quickly coming to an end. Which is really not a big surprise.

Expect Chevron and Exxon Mobil to cut their dividend very soon if crude gets pummeled ....

Correct, but not when you're Aramco.. Aramco is killing non state owned producers. It's practically cheaper to buy it, than get it out of the ground and refine it, right now.
 
Yes they will. Its a thing of beauty. Short term target 24,000+-, a rally, then another wave of selling. Longer term target still remains in the 14000-16000 range which takes over a year. If the market doesn't hold that then its back to 7000 which seems unlikely. We will see what happens.

I have very little exposure in the market right now. I will need to unload my Ford stock as its in trouble. I have very little in AMD right now.
 
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