Stoney... They've only "flown" because of the asshole in Moscow. Back in January we had no idea the pos would lay waste to an entire country. All things being equal in normal times... I'M RIGHT. The frigging mining stocks are the most cyclical of any investment vehicle there is. Had you told me that Putin was going to go balls to the wall full scorched earth and Russia would become the entire world's pariah, I would have said yes... hold all energy stocks.
It's a big call but I am going to sell some of my oil stocks Monday, I feel a nasty reversal coming on peace talks. Oil Prices Are Soaring. It’s Time to Hedge or Sell. Updated March 6, 2022 / Original March 4, 2022 At the top of Americans’ concerns is rising inflation, especially soaring prices for energy, filling their gasoline tanks, or paying their monthly utility bills. And investors and traders have ridden the roller-coaster rise in prices, sending futures and energy-related stocks and exchange-traded funds skyward, especially after Russia’s invasion of Ukraine. That means it’s time to take profits in energy plays, especially for late-arriving bulls who have piled onto the panic in oil and gasoline prices.
I thought you were buying that Canadian oil company stock tomorrow. And I thought all your energy stocks were gone anyway. Whaaaatever.
Wonder if steel counts? Energy market very controlled by futures and to an extent so is steel but steel stocks are more insulated from that sort of tinkering... Oil can drop $20 and steel still be very expensive right? I really want to buy this CRS.
VAN DO YOU LISTEN TO ME AT ALL ANY MORE!!!!! I SAID BUY INTO THE WEAKNESS CAUSED BY THE PEACE TALKS THAT ARE HAPPENING TOMORROW !! Lawd!
Hey Savant... pretty sure the peace talks, if any, will yield nyet. Meager a gander at the futures tonight. https://www.investing.com/commodities/
So you left out the last sentence I guess? That part about buying back in on weakness? What I miss here?
I think it's getting really bad people are hungry. These poor children with cancer they had to be moved from their hospital, they are very sick and now have to deal with this. It's tragic. Ukraine I think will sign away their right o ever join NATO. I don't think they will give any land but I'd give Russia that area that has the Russian speaking nomads-- who cares as long as no water rights are affected.. (they might be) Russians can no longer use their Amax card, or fly in a an airplane, go on vacation or anything.. ATM's are starting to run empty. Our CIA can cause a bank run there at a drop of a hat. Both sides have reasons to stop. Putin originally thought he would have all of Ukraine and Moldovia>? How the mighty has fallen he will end up with a promise to not join Nato.