SAJ-99
Well-known member
We now know he was wrong, but he is dead so he can’t defend himself on Twitter."We have met the enemy, and they is us."
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We now know he was wrong, but he is dead so he can’t defend himself on Twitter."We have met the enemy, and they is us."
True. Likely a combination of the women's movement for equality compounded by "commercial interest" to capitalize on the increased household $.Only thing I take exception to is the blanket phrase “commercial interest”.
A bit oversimplified, as most economic things are, to place the blame on that. Post WWII boom in families coupled with invention and broad adoption of things like automated washing machines gave women more time. However, it created an issue. To follow my example, previously they could buy a washing board with cash and the person (typically the wife) spent 6-8hrs each week scrubbing the clothes. New machine cuts that time by 80%ish, and everyone smelled better. You might not have the cash to buy the machine straight away - so we invented broad use of credit. This punctuated the end of the second industrial revolution. After that, the third, was all computer related. Stuff gets more complex and more expensive, so we find ways to get it to the masses. Capitalism is a wonderful system. Flawed, but the best we have discovered so far.True. Likely a combination of the women's movement for equality compounded by "commercial interest" to capitalize on the increased household $.
My comment was about 1 specific stock, and in any other world it looks like a hell of a buying opportunity. But people act irrational all the time, so who the hell really knows? Think I'll throw some more monopoly money at it and see what happens!Yeah you think this is a dip buying op or a peak? I think a dip but that’s based on nothing but gut
...chit tons.This won’t settle down until it looks like the Fed is done raising raises. They won’t be done until inflation looks under control. Until then it’s a traders market. S&P looks like it wants to make a run at Pre-pandemic high around 3350, but still a lot of cash sitting out there.
Yeah my recollection was it was o&g stock. I assumed it has been getting downdrafted by the sell off in oil and commodities. Trying to figure out if this is a blip in the commodity super cycle or a topping. I’m going with blip and holding through it. I’m only down 2% so far this year due to the commodity and o&g outperformance. Maybe should have took profits. Who knowsMy comment was about 1 specific stock, and in any other world it looks like a hell of a buying opportunity. But people act irrational all the time, so who the hell really knows? Think I'll throw some more monopoly money at it and see what happens!
Service costs, ie drilling, are absolutely nuts currently... not sure where that puts things, but I leaning towards the idea that it will keep production from exploding versus demand.Yeah my recollection was it was o&g stock. I assumed it has been getting downdrafted by the sell off in oil and commodities. Trying to figure out if this is a blip in the commodity super cycle or a topping. I’m going with blip and holding through it. I’m only down 2% so far this year due to the commodity and o&g outperformance. Maybe should have took profits. Who knows
I know I should have taken worthless cash for my worthless stock about a month ago......Yeah my recollection was it was o&g stock. I assumed it has been getting downdrafted by the sell off in oil and commodities. Trying to figure out if this is a blip in the commodity super cycle or a topping. I’m going with blip and holding through it. I’m only down 2% so far this year due to the commodity and o&g outperformance. Maybe should have took profits. Who knows
Yeah we should have all just invested in King size candy bars and sat back and let the dollar signs roll....except than I would have ate half my investment and would be even fatter than I am.I know I should have taken worthless cash for my worthless stock about a month ago......
You could have invested in QS...Could be worse. We could live in Sri Lanka right now.
Sri Lanka was not too long ago the investment darling of Asia.You could have invested in QS...