Stock Market update: Everybody panic!

[Skybird]

Translations like this would fit:

He who does not learn the lecture, must face the consequences.

He who does not listen, must f.t.c.

He who does not believe it, must live through it.

Ignore the warning/the lesson - bear the consequences.

[Jimbuna]

Amen

[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....

[Reece]

Originally Posted by Mr Quatro

we need a good leader for sure

Did someone call out "Donald"

[Onkel Neal]

Originally Posted by Neal Stevens

I'm hoping for a few more corrections. I just sold my Pearland house, would love a buying bargain in the next three months.

Originally Posted by Oberon

It's rare the bloody things come down, isn't it? Good if you're selling but trying to get back into the market at a decent level for the money...
Prices in the UK are getting a bit ridiculous now, pricing a lot of people out of the market, one would hope that this would bring them down but what happens

In reviewing this thread, I see I didn't explain, I was Looking for a buying bargain in the market, not real estate. I got my buying bargain with the q1 correction.

[Onkel Neal]

Top 10 Most Expensive Stocks In The World: From Chipotle To Berkshire Hathaway

I'm reading a bio of Buffett, and I'm in the late eighties and BRK is at an astounding (for that time) $2700 a share.

Fast fwd to today.....

PS: It is up $30K since that article was written!

[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.”

[Betonov]

Great.
Time to sell the car.

[STEED]

Japan downgraded and the Arabs are up to know good, world economic collapse on the way have you see the price of gold and silver up up up. The smart money is pulling out ready for another crash.