Market

Well, I have to say I was surprised the oil majors actually agreed to a production cut, I never thought it would happen, not anytime soon anyway. I'm certainly not complaining though, our ports have finally been looking fairly impressive lately. Little miffed at self, I've held COP through everything and it has always dragged comparatively, so the week I finally dumped half it shot up to almost fifty bucks. Oh well it happens. I made a few quick bucks on NSC and MCK, wish I had bought more of both.

It seems the markets have responded to DT's election in a rather bullish way. I don't want to say that's an understatement, but it's been making me a tad nervous, never cared for straight up. Pretty funny, the day after the election I got on FB to see what everyone was thinking and there were several people completely freaking out about their 401's and such, to them it was already destroyed, gone, spent and there was gonna be nothing left by the end of the week. One of my girl friends was so extremely distraught ,she honest to God thought she was going to be destitute down the road.
Trying to tell people everything's actually going to be OK was pretty worthless and I think it's this mindset DT will never get a break from the left./Dem.'s. ,no matter what they think whatever he does is going to be bad for the country/market or whatever.

I'm curious if the ATT/TWX merger will go through, I saw Trump didn't think it was a good idea which surprised me. I have to say I don't care for it too much, heck, they just finished the directv deal, talk about a behomoth in the media sector. Don't have a dog in the race, just commenting.

I would say the ETP pipeline will be built despite the protests. I do feel for the protesters, they are definitely freezing their ass off, they gotta be..literally

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-30 below is really, really cold. Coldest place I've ever been was lake Placid in upstate NY, took a ski trip during winter break one year, -40 below at night and not much better during the day. My friend and I plus a dozen other idiots were on the mountain skiing for a few days before it finally "warmed up" to a little below zero then others started coming out. WHEW, man I digress, sorry.

Like I said, I feel for 'em, spraying thjem down with water is pretty cruel.

Anyway, just wondering if anyone else had anything to chime in on concerning the markets, interesting topic to me.

I once experienced -51 with a -107 wind chill at the top of the mountain at Stowe. That was a fun day. February vacation week and probably no more than a dozen people on the mountain. On the old single chair they gave out tunics to keep warm. That was a 7 tunic day; any more and the thickness of the tunics would have kicked you off the chair. (Note, that was nearly 40 years ago so my memory is a little foggy, but it was at least pretty close to that. I tried to confirm that -107 was possible but none of the charts on Google went that far).

I started buying oil stock 7 months ago. You KNOW it's going to go up at some point, and I thought the current prices were a bargain. MRO has been good to me, up close to 120% from when I bought it. As long as this doesn't turn around and bite OPEC on the a$$ this may not be the first reduction.

I just bought a few pharma stocks, AGN and LLY. Seemed like a good idea at the time... Then Trump opened his mouth and said drug prices had to come down. Not sure if that will happen, but the stocks sure came down. However, I think this is going to be a blip. EVENTUALLY I think that's going to happen, but I don't think it will come as long as the republicans hold all 3 branches. I think what is more likely is a minor bill that cuts out some of the price gouging, (EpiPen), leaving the rest mostly intact. If that is the case then I'd suspect a good rebound in the sector. But I'm shopping for a slightly used refrigerator carton just in case.

UWTI is shutting down. When you say you're buying oil stock what specifically are you looking at?

When someone within the United States mentions "oil majors", I think Exxon, Shell, Chevron, and so on. These oil majors do not have an agreement with OPEC. The OPEC led cut calls for 2/3 of the cut to come from OPEC members, 1/6 of the cut from Russia, and 1/6 of he cut from others.

If anyone out there believes that OPEC, Russia, and the others are going to be honest, then let's talk about that great used car that I want to sell.

Great call on Marathon, I had looked at MRO and CHK at one time, passed for whatever reason, and bought something else I'm sure. I'm way overinvested invested in another cheap stock (PGH) I guess I didn't need anymore. I did buy Crestwood (CEQP, I'm a glutton for MLP's I guess) and Kronos(KRO) which have both delivered over a 100% and that's good, offset a clunker or two and then some : ) . CEQP had doubled overnight and I sold most, mistake the darn thing continued to climb and pays a healthy div.

I hadn't heard anything about UWTI shutting down, well congrats to all who mead a lot of bucks on it. I'm not buying oil stocks right now except SXL (Sunoco logistics), which is the completely ironic buyer of ETP. A sneaky way to decrease the div. w/o really changing the company much. I think the big pullback are the PO'ed people who are feeling betrayed, for lack of better word, by the decrease in the div. SXL STILL has an impressive div. on it's own, we'll see where the ball bonces and lands. But I am buying SXL in drips and drabs, see where it goes, obviously I think it's going up, but I've definitely been wrong before.

I'd buy more oil related stocks, if the price is right. All it will take is some odd early morning tweet from Donald and we could see a massive, yet erroneous, drop

Has anyone done any research into Marijuana stocks? It's becoming a huge industry, one that will likely grow for some time. I've looked into it some and it seems there isn't much, if anything, available on the regular markets in large part due to the questionable legality of it. Or it could just be that the stoners smoke up all the profit so there isn't much left at the end. So far I've not been seeing any ETF's, although there are a lot of hints that suggest there either are some, or there may be soon.

This article appears to believe it's unlikely that Trump will oppose it;

https://time.com/4594445/legal-marijuana-trump-sessions-policy/?xid=newsletter-brief

Now would seem to be the time to get in, but it also seems to be pretty risky. There is $$ to be made, the question is who to trust...

I was given 1,000 shares of a Colorado growing company Christmas of 2015, possibly 2014.
At the time it was four cents a share. On a lark, I bought another 1500 shares at six cents.
It got up to almost forty cents but now is closer to thirty. Were I younger, I might put some serious money into a few grows, but these days I don't swing for the fence. Not with so many singles and doubles out there.

I agree that it would be too risky to risk that $1000 on a whim.