Stock Market update: Everybody panic!

[Mr Quatro]

we need a good leader for sure

http://www.freep.com/story/money/bus...ores/83357662/

Sears Holdings announced Thursday that it will close 68 Kmart and 10 Sears stores this summer in its latest move to cut losses.

Jan 22, 2016
Walmart announced last week that it plans to close 269 stores this year, including 154 stores in the U.S. The closings include Walmart Express stores, Neighborhood Markets and Supercenters.

[Onkel Neal]

In Feb I invested heavily in energy: BP, Kinder Morgan, Exxon. Price of oil is low due to oversupply, but that won't last forever....

[Jimbuna]

Originally Posted by Onkel Neal

In Feb I invested heavily in energy: BP, Kinder Morgan, Exxon. Price of oil is low due to oversupply, but that won't last forever....

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

[Onkel Neal]

Originally Posted by Jimbuna

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

[Aktungbby]

Originally Posted by Onkel Neal

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

Similar to a mutual fund; http://www.investopedia.com/terms/u/unittrust.asp ALSO: https://www.quora.com/What-is-the-difference-between-a-unit-trust-fund-and-a-mutual-fund

[Jimbuna]

Originally Posted by Onkel Neal

What is a Unit Trust?

Yes, oil is at $46 bbl, but it could go back down and stay there a few years. Then again, with the middle east, anything could happen. I trust countries like Russia and Venezuela are as interested as I am in getting the price back up.

http://www.which.co.uk/money/savings...sts-and-oeics/

http://www.money.co.uk/guides/what-is-a-unit-trust.htm

[Onkel Neal]

Originally Posted by Jimbuna

http://www.which.co.uk/money/savings...sts-and-oeics/

http://www.money.co.uk/guides/what-is-a-unit-trust.htm

Ah, a managed mutual fund.



Saudi Arabia just fired its oil minister
http://money.cnn.com/2016/05/07/inve...ter/index.html

Oil makes up 87% of Saudi Arabia's revenue, and the collapse in world crude prices since 2014 has left the kingdom struggling. It has already cut subsidies and borrowed billions to try to balance its books.

Blink, you arabs.

[Onkel Neal]

Arabs blinked, oil going up, now at $50, and supply is outstripping the surpluses.

Two years after quietly declaring war on upstart US shale, Saudi Arabia says the need for the fighting is over. In remarks to journalists while on a US visit, Saudi Arabian energy minister Khalid Al-Falih said that the worldwide oil glut has vanished, signaling an end to Saudi Arabia’s strategy of flooding the global market with oil to try to put American drillers out of business.

The implication was that Saudi Arabia owned the victory. But a three-week-long resurgence of US oil drilling after 21 months of decline suggests that Saudi and the US fought to a draw.
Falih noted that a record volume of oil remains in storage in the US and around the world (paywall), built up during the glut, but once much of that is sold off, the kingdom can resume its traditional role managing supply and demand.

“We are out of it,” Falih told the Houston Chronicle. “The oversupply has disappeared. We just have to carry the overhang of inventory for a while until the system works it out.”

[Jimbuna]

Originally Posted by Jimbuna

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

[Oberon]

The Financial Times has just given up now:

[Jimbuna]

One can't honestly say this wasn't already predicted.

[Skybird]

Don't chase charts and diagrams.

They are astrology. They pretend to show causality, where there is none.

[Onkel Neal]

Originally Posted by Onkel Neal

In Feb I invested heavily in energy: BP, Kinder Morgan, Exxon. Price of oil is low due to oversupply, but that won't last forever....

KM up 47% this year, this makes me happy

http://www.fool.com/investing/2016/0...u-need-to.aspx

Olin and TSM also going strong. BP, so-so. Exxon was killing it at $95 before their P&L showed the worst quarter in 17 years. It will get better when Oil tightens.

[Mr Quatro]

Kmart is closing 64 stores across 28 states: http://www.businessinsider.com/kmart...ll-list-2016-9

Sears Holdings, which owns Sears and Kmart, informed Kmart employees of the closures on Friday, according to local news reports and employees who spoke to Business Insider.

Moody's analysts warned last week that Kmart doesn't have enough cash or access to cash to stay in business. Kmart has about 870 stores today, down from about 1,300 in 2012.

[Mr Quatro]

Originally Posted by Onkel Neal

KM up 47% this year, this makes me happy

http://www.fool.com/investing/2016/0...u-need-to.aspx

Olin and TSM also going strong. BP, so-so. Exxon was killing it at $95 before their P&L showed the worst quarter in 17 years. It will get better when Oil tightens.

Time to move Neal ... http://www.businessinsider.com/houst...h-says-2016-10

Houston's boom is over

Houston was the largest contributor to economic growth in the US from 2010 to 2015, ahead of cities like New York, Dallas, and San Francisco. That was possible because oil prices were near $100 a barrel, the shale-oil revolution was gaining steam, and skilled workers from other states flocked there.

But when the tables turned in 2014, Houston came in direct contact with the most severe oil crash in a half century. The worst of the oil downturn appears to be over, but the same pace of expansion that Houston saw in recent years is unlikely to repeat itself.