CORONA Market Bloodbath: Middle East Stocks Crater; Kuwait Halted; Aramco Below IPO; Dow Indicated Down 500

Status
Not open for further replies.
CaryC

CaryC

Has No Life - Lives on TB
Nobody was giving any info earlier, so went out to split some wood with an axe. And look what happens.
 
mzkitty

mzkitty

I give up.
Yeah, now comes the usual day's end feeble little up-tick.

"I think I can, I think I can.............."

1583783781160.png
 
Allotrope

Allotrope

Inactive
DOW down 2025. Many analysts are saying the reason is the oil war between Saudi and Russia. That may have been one of the triggers but certainly is not the reason. They need a scapegoat, preferably one that is temporary, so people overlook the real problems, have good future expectations, and do not blame those really responsible. Cheaper oil and gas would help many countries in economic output and not hurt the US that much. JMHO

Perhaps they are concerned that oil price will affect the dollar as a reserve currency but an oil war would not ensure that. The rest of this week will tell a lot.

Edited to add: If the oil drop is expected to trigger collapse of DB and others because of derivatives, then it makes sense but they have to know things I do not. That is something to keep an eye on.
 
Last edited:
Red Baron

Red Baron

Paleo-Conservative
_______________
Something I don't understand about the stock market.

Everybody is selling their stock for a whole host of reasons.

I presume for every seller there is a buyer.

What happens when the sellers exceed the buyers?
 
twobarkingdogs

twobarkingdogs

Veteran Member
Bicycle Junkie said:
I went shopping for stocks today. I Bought F, MITT AND ARI. They all yield around 10% dividends now.
Click to expand...

You are braver then I going going after those financial companies. I never did trust them even in the best of times. What are your thoughts if the Fed once again starts buying up all the paper leaving none for the MREITS?

For me I put in a buy for one of the pipelines I already own, EPD, around 10am to try to get a 14% yield on these new shares. Price did not quite go down that low but the order is still open. The utilities are still IMO overpriced. I put together a shopping list looking for things like JNJ at $95 to yield 4% and MMM at $117 to yield 5%. But being currently retired this time around I am going to mostly focus on the utilities for which I previously said are still overpriced, IMO

tbd
 
D

Dozdoats

On TB every waking moment
I went shopping for stocks today.

I have never done well at catching falling knives.

ARI - close at 14.40, down 1.95/11.93%
MITT - close at 13.97, down 1.54/9.93%
F - close at 5.88, down .61/9.40%

Hope you didn't get cut too badly...
 
vector7

vector7

Dot Collector
Bicycle Junkie said:
I went shopping for stocks today. I Bought F, MITT AND ARI. They all yield around 10% dividends now.
Click to expand...

Look a fallen knife...
tumblr_powfvqEW7q1ry46hlo1_250.gif
 
The Hammer

The Hammer

Has No Life - Lives on TB
Dozdoats said:
I went shopping for stocks today.

I have never done well at catching falling knives.

ARI - close at 14.40, down 1.95/11.93%
MITT - close at 13.97, down 1.54/9.93%
F - close at 5.88, down .61/9.40%

Hope you didn't get cut too badly...
Click to expand...
Man, I know stocks have fallen steeply and some names certainly look really attractive, but I agree - catching that falling knife, particularly when the panic is still very much in the air, is REALLY hard to do right...
 
B

Bicycle Junkie

Resident dissident and troll
Dozdoats said:
I went shopping for stocks today.

I have never done well at catching falling knives.

ARI - close at 14.40, down 1.95/11.93%
MITT - close at 13.97, down 1.54/9.93%
F - close at 5.88, down .61/9.40%

Hope you didn't get cut too badly...
Click to expand...

I bought them about 20 minutes before the market closed, so no, I didn't get cut at least for now. If they go down significantly again I'll buy more. I sold XOM, BP, T, BAC and CGC at the beginning of February to lock in profits. I'm staying away from energy and banks for a long time. I'm looking forward to more bargain hunting.
 
The Hammer

The Hammer

Has No Life - Lives on TB
Groucho said:
ding ding ding ding...... Give that man a Ceeegar. Not a Corona Corona, if you please. Antonio y Cleopatra for this occasion.
Click to expand...
Up here selling cigars again, I see...

I have a feeling you had something to do with this. You wouldn't be the one who plowed a bunch of extra money from the TB2K Hedge Fund Slush Fund and Crawfish Boil into oil companies just last night, would you? Hmmm?

:D
 
vector7

vector7

Dot Collector
Dozdoats said:
I went shopping for stocks today.

I have never done well at catching falling knives.

ARI - close at 14.40, down 1.95/11.93%
MITT - close at 13.97, down 1.54/9.93%
F - close at 5.88, down .61/9.40%

Hope you didn't get cut too badly...
Click to expand...

For some energy companies over extended, may be the end of oil and gas as they've known it...

tumblr_ort12zYACQ1wr1d3wo1_250.gif


The Russians and Saudi's could bring crude down to $20's in order to kill shale drilling completely.....don't catch the falling knifes!!! Be prudent!!!
 
Groucho

Groucho

Has No Life - Lives on TB
Red Baron said:
Everybody is selling their stock for a whole host of reasons.
What happens when the sellers exceed the buyers?
Click to expand...

The Panic of 1890, The Wall Street crash in 1929, Today....... Not good stuff. I'm waiting for the big investment banks to call in their paper, find out there is no liquidity, and go "boom." Lots of shaky loans out there again.

Buy more toilet paper. ;)
 
Groucho

Groucho

Has No Life - Lives on TB
The Hammer said:
Up here selling cigars again, I see...

I have a feeling you had something to do with this. You wouldn't be the one who plowed a bunch of extra money from the TB2K Hedge Fund Slush Fund and Crawfish Boil into oil companies just last night, would you? Hmmm?

:D
Click to expand...
Hey now! I thought it was sun tan oil and Summer's coming. I figured the demand curve would work it's magic.
Besides, we didn't have these problems until you broke it off with Maria. Yeah, I said it. Now everybody here knows. Caused the poor lass to join Fox, then walked out, you did. That's the way I tell the story anyhow and I'm on the Internet so it must be so.
 
Red Baron

Red Baron

Paleo-Conservative
_______________
twobarkingdogs said:
The price of the stock goes down until someone buys it. That is why IMO you never make a market priced order but set limits on your selling or purchase prices.

tbd
Click to expand...

What I don't get is.

Let's say 80% of the people and institutions are selling their stocks but only 20% are actually buying stocks?

Who picks up the slack that allows -everybody- that wants too, to sell their stocks?

Where do the "buyers" come from and what kind of panic ensues when people can't dump their stocks?
 
Status
Not open for further replies.
Top