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Market panic ?, bring it, along with my shopping list !
Old 05-23-2019, 12:46 PM   #1
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Market panic ?, bring it, along with my shopping list !

Great stocks on sale soon. Not there yet , but hopeful. Getting my " dirty bottom fisher " shopping list list ready. Drop in oil prices is a big indicator IMO.
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Old 05-23-2019, 01:11 PM   #2
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... Drop in oil prices is a big indicator IMO.
Just refuel my car yesterday at Costco. Paid $3.05 which was higher than when I last bought gas more than 1 month ago. What happened?
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Old 05-23-2019, 01:16 PM   #3
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Great stocks on sale soon. Not there yet , but hopeful. Getting my " dirty bottom fisher " shopping list list ready. Drop in oil prices is a big indicator IMO.
There will be one more push to 2860 area (S&P), then we retest the Dec lows, and then rally back to new highs at about 4,000 before this Bull market is finally over in about 3 years!
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Old 05-23-2019, 02:14 PM   #4
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Just refuel my car yesterday at Costco. Paid $3.05 which was higher than when I last bought gas more than 1 month ago. What happened?
Early refinery maintenance season this year. IMO 2020 mandates that ships switch from heavy fuel oil to ultra low sulfur diesel. I expect a big mess over the next 18 months as a result. Even more fun if we start a war with Iran.
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Old 05-23-2019, 03:12 PM   #5
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There will be one more push to 2860 area (S&P), then we retest the Dec lows, and then rally back to new highs at about 4,000 before this Bull market is finally over in about 3 years!
And then what?
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Old 05-23-2019, 03:28 PM   #6
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And then what?
It will fluctuate.
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Old 05-23-2019, 08:35 PM   #7
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Starting the list: Goldman Sachs, Amazon, Walmart, also some of the usual suspects - big oil and Pharma . More to come.........
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Old 05-23-2019, 08:37 PM   #8
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And then what?
Probably gonna go up. Or go down. It is possible it could go sideways. I'm betting on one of these three choices.
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Old 05-23-2019, 08:48 PM   #9
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Early refinery maintenance season this year. IMO 2020 mandates that ships switch from heavy fuel oil to ultra low sulfur diesel. I expect a big mess over the next 18 months as a result. Even more fun if we start a war with Iran.
Or if they start a war with us.
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Old 05-23-2019, 08:54 PM   #10
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Or if they start a war with us.
Two sides of the same coin. My estimate is that the Iranians would not go farther than a proxy effort. I am sure they took notice of the millions of Iraqis that dies in the war, combatants and non-combatants.
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Old 05-23-2019, 09:33 PM   #11
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^ a war with them should fast and quick. It won't take much or long if we mean business.
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Old 05-23-2019, 09:39 PM   #12
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^ a war with them should fast and quick. It won't take much or long if we mean business.
It would be really easy for them to close the strait of Hormuz to commercial shipping for as long as they wish to. That goes double if they become a Russian proxy.
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Old 05-23-2019, 11:48 PM   #13
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^ a war with them should fast and quick. It won't take much or long if we mean business.
That's what people said about Afghanistan, we won the battle but not the war.
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Old 05-24-2019, 04:42 AM   #14
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^ a war with them should fast and quick. It won't take much or long if we mean business.
Don’t you remember recent history? None of our engagements in Iraq or Afghanistan have been “fast and quick”. The first gulf war may have seemed so, but it turned out to be only a preview.
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Old 05-24-2019, 07:03 AM   #15
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^ very good points for sure. I do beleive with the demeanor of the Gov. today it will be hard/fast/ and out.
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Old 05-24-2019, 10:02 AM   #16
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Thanks for an interesting discussion
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