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OUCH!

jatki
jatki
Oct 15, 2014
6:53am
Block User
Where oh where is the bottom? Today could've been especially fugly, good thing it decided to be rubber ,not glue.
alanleroyII
alanleroyII
Oct 15, 2014
7:14am
Block User
The market is long overdue for a correction. I think free falling oil prices will bode well for the economy in the next couple of quarters.
jatki
jatki
Oct 15, 2014
7:32am
Block User
Quote
Originally posted by: alanleroyII
The market is long overdue for a correction. I think free falling oil prices will bode well for the economy in the next couple of quarters.


I agree, I thought the mkt was getting too high too quick back in spring of '13 when it hit 15K. Then it hit 16K and I thought for sure it can't keep going, but it did. It neede to pull back, but DAMN.

I have to say, I didn't see the bottom dropping out of oil like it has. Even tho it hurts a few of our investments I wouldn't mind seeing it settle in the 70s. The Saudis have already said they're not cutting production and then there's all the US production, I believe the break even point for oil shales is in the 70/barrel range. So it's gonna be interesting to see what develops. I thought I heard mention on CNBC that there's huge short positions in oil right now, a short squeeze in oil would be interesting as well.

CowboyKell
CowboyKell
Oct 16, 2014
6:55am
Block User
Two more weeks!! Two more weeks!!

bi-annual fuel purchases are made Nov. 3rd. For two separate companies that I am heavily tied to. If the price continues to drop till then we should have a more profitable 2015.

Signature Flight service also signs their fuel future contract then as well, which would make flying cheaper. Not sure about the big airlines but it should lead to lower prices in the first quarter of 2015.

dfwgambler
dfwgambler
Oct 16, 2014
12:06pm
Block User
Look on it as a buying opportunity!!
Boilerman
Boilerman
Oct 16, 2014
11:58pm
Block User
Agreed on both fronts.


Quote
Originally posted by: alanleroyII
The market is long overdue for a correction. I think free falling oil prices will bode well for the economy in the next couple of quarters.


Boilerman
Boilerman
Oct 16, 2014
11:59pm
Block User
Most of the shale break even numbers are below $50 with some below $30 I believe. Some are higher, of course.


Quote
Originally posted by: jatki99
Quote
Originally posted by: alanleroyII
The market is long overdue for a correction. I think free falling oil prices will bode well for the economy in the next couple of quarters.


I agree, I thought the mkt was getting too high too quick back in spring of '13 when it hit 15K. Then it hit 16K and I thought for sure it can't keep going, but it did. It neede to pull back, but DAMN.

I have to say, I didn't see the bottom dropping out of oil like it has. Even tho it hurts a few of our investments I wouldn't mind seeing it settle in the 70s. The Saudis have already said they're not cutting production and then there's all the US production, I believe the break even point for oil shales is in the 70/barrel range. So it's gonna be interesting to see what develops. I thought I heard mention on CNBC that there's huge short positions in oil right now, a short squeeze in oil would be interesting as well.


Blade
Blade
Oct 17, 2014
1:10am
Block User
Rollercoaster market. Ups and downs. Look at the long term.
hoops2
hoops2
Oct 17, 2014
1:14am
Block User
When the market crosses key threshholds such as Dow 17,000 and S&P 2,000 it has trouble maintaining that level for a while.

We just have to hold our noses for a while
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