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stock market

IHateMyJob2004

IHateMyJob2004

Lifer
Oil futures at record highs (granted this is a BS number to pay attention to as an investor).

The market goes down a bit today and bonds stop trading at 3 PM and the market start a run up?

This is insane. Valuations are already way out of control.
 
Originally posted by: wafflesandsyrup
oil dissappearing at a very fast rate, they have a reason to go so kookoo
Click to expand...

Oil will be phased out, but that's not my point. Stock prices are geting rich again. I have to agree with Buffett when he says there are no bargains out there. And then a run up near the end of trading today?

Oh, and if we don't find an alternative to oil, we are all screwed. Sorry, but we are.
 
it's crazy...i've been following market closely for the past year and i don't know wtf is going on here. even when oil jumped to 55 a few months ago, analysts were predicting year averages in the mid-high 30's. we won't run out of oil for 100's years, but supply is decreasing every year until we do, demand is growing too. at a certain price(closer to 75 a barrel) it will become economically profitable to invest in harder to get oil that we have tons of.
 
Originally posted by: IHateMyJob2004
Originally posted by: wafflesandsyrup
oil dissappearing at a very fast rate, they have a reason to go so kookoo
Click to expand...

Oil will be phased out, but that's not my point. Stock prices are geting rich again. I have to agree with Buffett when he says there are no bargains out there. And then a run up near the end of trading today?

Oh, and if we don't find an alternative to oil, we are all screwed. Sorry, but we are.
Click to expand...


I don't agree with Buffett....
The stock market analysts that you see on TV only have to tell you about the stocks that are an obvious good value. Those that are basically underrated compared to the assets and the business strategy of the company. Those will go up, and more than likely those will go up faster than the average (S&P).

However, there are certainly lots of bargains out there for good start ups or companies that have had their stock de-valued. Do you think that GM won't come back? Did Chrysler come back? They are too big to disappear.
 
It's all realative. Look at what was it Oregon or California proposed not too long ago? The state has lost so much tax revenue from gas since the hybrids have gotten popular that now they want to tax you on the actual mileage you drive. The point is it doesn't matter if gas goes down, or if people buy less of it because of better vehicles, your good pal Uncle Sam will make damn good and sure you'll be out of pocket the same ammount of cash.

Again.. it's all relative.

Edit: It was Oregon with the mileage tax, and Maryland proposed one as well.
 
Originally posted by: wafflesandsyrup
oil dissappearing at a very fast rate, they have a reason to go so kookoo
Click to expand...
FUD. There is plenty of oil, at least enough for another 100 years. And alternatives, are already starting to be developed or phased in.

Hybrids, however, are NOT oil alternatives. They are powered entirely by oil with some slight, but very expensive and very bad-to-the-environment, efficiency improvements that allow for slightly better in-city fuel mileage.
 
Originally posted by: radioouman
Originally posted by: IHateMyJob2004
Originally posted by: wafflesandsyrup
oil dissappearing at a very fast rate, they have a reason to go so kookoo
Click to expand...

Oil will be phased out, but that's not my point. Stock prices are geting rich again. I have to agree with Buffett when he says there are no bargains out there. And then a run up near the end of trading today?

Oh, and if we don't find an alternative to oil, we are all screwed. Sorry, but we are.
Click to expand...


I don't agree with Buffett....
Click to expand...
Remind us all again which one of the two of you is mega rich.
 
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