Come on, Mike. Demand for oil is in the toilet; nobody is commuting to work. Shale crapped out a few years ago, and surpluses are happy, i.e., the supply side is fat, and the demand side doesn't care at all. Oddly, the oil sector has been up the past couple of days, but that will probably be over on Monday, much like the recent banking/hedge fund stock trend represented by mortgage-backed security scuzz trying to fix up their balance sheets while everyone was/is dropping (mortgage-packed) bonds like toxic waste.

Dividends are in a funny state now, too, as they have become yet another cost to cut. I got one last week for holding a gold ETF for like four days . . . it only paid for one beer, but it was swell, nonetheless.

On a fun California note, it is interesting (should be alarming) how Tesla is in bed with PG&E on a central coast solar/battery farm thing (in the midst of the largest utility bankruptcy ever). Too legit to quit, those folks . . .

Happy shelter-in-place weekend, dudes!

It reminds me of an analogy: The time to buy is at deepest pessimism. You make me want to buy oil! HA

Soooo........Tesla bails out PG&E?....takes over their infrastructure?.................. A naïve question probably.
Could you expand on this please Paul?

+1 on happiness for the weekend.

Stocks
 

Guess who is betting on US stocks? The whole world. Europe, Asia, Mideast and every one else. It's going to be a wild ride but we the US are the only solid bet in the world.
Oil? Trump had a few words with the Saudis yesterday. Pretty much said if they flood the oil market all of our Navy ships and any military assistance is gone. Same for all the other Mideast oil producers. Let Iran shut down the gulf and see where oil prices go. If that happens there will be a drilling bonanza in the US like you have never seen before.
Bet on the US. That's where my money is at.

Have not been here for a while but would like to catch up with this thread 👍

I was bound and determined to take advantage of this Covid19 pullback in the market, since I was laid off and had no cash to spare during the 2008 recession. I threw what I could into a Blue Chip mutual fund in late March and am up 25% so far. Wish it could have been a larger purchase but I consider it a moral victory. Figuring I’ll take some profit to pay for the bathroom remodel I’m doing and keep maxing out my 401k contributions. Luckily my job is safe this go-round, so I’ll be a buyer no matter what the next few months might bring.

Agreed that dividend stocks aren’t quite as attractive in this environment. Nobody is hesitating to cut their dividend like they were when Greg was extolling the virtues of dividend hunting.

I did the same, threw in what I could and am happy I was able to do that much. I still think there will be a pull back once quarter two results come in. If I'm right, I'll buy more then.

I picked up a lot of quality on the dip. Google, apple, some others. I still hold too much cash but I'm still not convinced another dip is in our future.

Sent from my SM-G950U using Tapatalk

election Year
 

all politics aside. If trump is not elected in November expect a major decline..
The street loves his "Pro business" approach..

How about that 1860-ish point drop in the Dow today, dudes? We're in new territory as of this year with the markets (and that market disaster, Robinhood). I get fearing the future, but do we have to fear hobbies, recycled air, and gangs of internet trading cults who can kill your day with a crappy service outage?

The future is fun! :smiley_smack: