Oil must have gotten ahead of itself. It finished above $50 earlier in the week. Then dropped and today the alert I got on my iPhone said increased rig count. So the oil companies are increasing production or something?
The oil companies are selling all the oil they can just like they always have done.
Charts like this make you think we're due for at least another 7 years of ~flatness in the cumulative return.
On wait - the chart ends at 2009, we're half way through 2016. So that's the 7 more years. So we could take off any year now, or not for another 9!
I really want to see the Dow go above 20,000.
Not that I'd pull the
trigger, but I want to see it.
Well it got pretty close a few days ago but pulled back.
You must not be in a buying mode.
Oh yeah, I'm totally going to make big decisions based on exactly 4 times we had surges and 3 times of extended flatness. That really isn't a lot of data. Staying the course....
Is shale ramping up again? I thought they had marginal production costs of ~$35, so if oil is $50 they would restart?
Mine was tongue in cheek in case you didn't get that.....
I did. Had intended to put a smiley after the first sentence, but it looks like I didn't.....
I really want to see the Dow go above 20,000.
Not that I'd pull the trigger, but I want to see it. We've been waiting so long and it just never gets very far above 18,000 before it heads back down. Time for a strong, unidirectional SURGE upwards! C'mon, Dow, I want to see those numbers soar.
Well, saying that about guaranteed that they won't....
If you don't mind, could you please do some research on the proper term to use for the right Dow up effect? After all, your calls with the W.... term have been nothing short of spectacular in the opposite direction so, as Audrey suggested elsewhere, could you please work on the proper anti-W...
30 year treasury bond yield May 2001 was 5.78%. With 15 years remaining. Seems like a better choice.