Stock Market is the bottom in?

[BuckSutherland]

Bitcoin 80,700


I am watching a livestream. Guy is looking at stock prices for the overnight on Robinhood. Palantir ($62) , Sofi ($14), Tesla ($345) and a host of other are up nicely. If bitcoin stay above 80,000 I expect tomorrow to be a big risk on day. Stocks seem to follow bitcoin coming out of the weekend.

 

[BuckSutherland]

Sofi is angry this morning.

 

[Telemark]

Sofi is angry this morning.



View attachment 70824

BOOYAH!!! Another slam dunk!

 

[bwoods11]

Bitcoin 80,700


I am watching a livestream. Guy is looking at stock prices for the overnight on Robinhood. Palantir ($62) , Sofi ($14), Tesla ($345) and a host of other are up nicely. If bitcoin stay above 80,000 I expect tomorrow to be a big risk on day. Stocks seem to follow bitcoin coming out of the weekend.

I had no idea Palantir is that high !
Been hunting, not checking my stocks !

 

[hunts_with_stick]

Me too. Is the market going to keep going up or pull back. I don’t want to buy at a high, but don’t want to miss a run either. I have bought some more palantir recently. Also ally, they took a dip when they reported more repos/chargeoffs then expected so I bought some then, but with a trump win, I expect people to buy more cars/homes what not. They are a very good bank.

 

[jsasker007]

Bought some BTCT trying to catch a run up. COIN and TSLA have been on fire

 

[bwoods11]

Casey’s is on Fire !!

 

[hunts_with_stick]

Might be a good time to buy some bid pharma with this slight decline. I think I’ll wait though.

 

[jsasker007]

I don't know if pharma is gonna do so well after the appointment of Kennedy. Oil which is pretty volatile might be safer than pharma. jmho

 

[SD51555]

I don't know if pharma is gonna do so well after the appointment of Kennedy. Oil which is pretty volatile might be safer than pharma. jmho

I dumped the last of my NVO this morning. Bitter sweet that one. Bitter to take the loss, sweet that those dirt bags might finally get reigned in.

 

[Telemark]

I don't know if pharma is gonna do so well after the appointment of Kennedy. Oil which is pretty volatile might be safer than pharma. jmho

I'm staying away from pharma for the same reasons. I'm staying away from oil, too. If Trump makes good on his promise to bring gas prices down, that means bringing oil prices down, and they are already falling.

 

[homerj]

How do you shut down Russia and Iran without shutting down their oil production? Shut that down and oil has to go up?

 

[jsasker007]

I'm staying away from pharma for the same reasons. I'm staying away from oil, too. If Trump makes good on his promise to bring gas prices down, that means bringing oil prices down, and they are already falling.

Agreed. I'm not sure if we are planning to really ramp up our oil exports or not so I really don't know what to think about oil at this point. I'll probably try a couple different oil stocks on the hopes that we do "DRILL BABY DRILL".

 

[jsasker007]

How do you shut down Russia and Iran without shutting down their oil production? Shut that down and oil has to go up?

I think China just gains on their oil if we turn off the faucet.

 

[jsasker007]

Looking at WTI. The price is at $2.01 and the target is $7.80 with an upside of 288+%. Gotta throw a little money at that one. jmo

 

[Bowsnbucks]

Just a real fact here - in 2022 and 2023, the U.S. produced more oil & natural gas than ever in our history. Info is from big money managers, investment companies, and the data research outfits. I doubt oil companies are going to keep all those resources here on U.S. soil to placate U.S. consumers. They want return on their investment now, so they won't be stockpiling here, they'll sell on world markets. It's not in their interest to let oil & gas reserves sit here to drive down prices for US consumers. If demand is high - prices won't go down.

I'm in the natural gas play here in Pa. Where is the natural gas going? To liquification facilities, then the liquid NG is pumped onto tankers to sell overseas. The producers aren't storing it here to drive down prices & make heating our homes cheaper. Just a thought or 2.

 

[jsasker007]

Becomes a supply and demand issue. If there's plenty the price should go down. They have ways to keep prices high if that's the goal. Without forcing everything electric down people's throats oil and gas should do fine in my opinion.

 

[Bowsnbucks]

Becomes a supply and demand issue. If there's plenty the price should go down. They have ways to keep prices high if that's the goal. Without forcing everything electric down people's throats oil and gas should do fine in my opinion.

J -
That was my point above. In 2022 and 2023 U.S. oil & NG productions was higher than ever. Yet gasoline prices have gone higher in some parts of the country, and fuel oil didn't get cheaper either. Much NG gets liquified to be sold overseas. Lots of supply ....... not so much on the lower prices consumers pay. Your words "price should go down" above - I agree with. It doesn't seem to be the case, though, in much of the U.S.

Our pump prices here have fallen this year. We've bought vehicle gas at $2.97 to $3.05 - even have pics of them taken by my wife for documentation purposes. Economic forecasters in late August and September said gasoline would probably go below $3 a gallon around the end of October. It went to $2.97 mid-October here. Don't know what the rest of the country is paying at the pump.

 

[Telemark]

Just a real fact here - in 2022 and 2023, the U.S. produced more oil & natural gas than ever in our history. Info is from big money managers, investment companies, and the data research outfits. I doubt oil companies are going to keep all those resources here on U.S. soil to placate U.S. consumers. They want return on their investment now, so they won't be stockpiling here, they'll sell on world markets. It's not in their interest to let oil & gas reserves sit here to drive down prices for US consumers. If demand is high - prices won't go down.

I'm in the natural gas play here in Pa. Where is the natural gas going? To liquification facilities, then the liquid NG is pumped onto tankers to sell overseas. The producers aren't storing it here to drive down prices & make heating our homes cheaper. Just a thought or 2.

Oil demand is probably going down.

Gas requires more infrastructure.

 

[jsasker007]

J -
That was my point above. In 2022 and 2023 U.S. oil & NG productions was higher than ever. Yet gasoline prices have gone higher in some parts of the country, and fuel oil didn't get cheaper either. Much NG gets liquified to be sold overseas. Lots of supply ....... not so much on the lower prices consumers pay. Your words "price should go down" above - I agree with. It doesn't seem to be the case, though, in much of the U.S.

Our pump prices here have fallen this year. We've bought vehicle gas at $2.97 to $3.05 - even have pics of them taken by my wife for documentation purposes. Economic forecasters in late August and September said gasoline would probably go below $3 a gallon around the end of October. It went to $2.97 mid-October here. Don't know what the rest of the country is paying at the pump.

Honestly, I don't even look at the price I've been paying for fuel I just fill the tank when I need to. Last time I payed attention to diesel I think it was about $3.35 here probably a month ago. If I want to get fuel anywhere else I have to drive at least a half hour one way so it wouldn't really be saving me any money anyway. LP that we are buying this year was purchased about 10 years ago is what I was told by the local company. When it was at $1.02 years ago I asked if I could buy $100,000 worth at that price and they would only sell me as much as I would use in an average year which is about $25,000 worth per season with my business and home combined. Buying that much would have saved me some money for sure as I think the price the next year was about $1.42. Figured it was worth a shot anyway.