Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Buy? Maybe when we are down 20% or more.
Not everything is too high but the index is out of whack. Apple trades for 11 or 12x fwd earnings, Corning for 10x, Gilead for 9x while Netflix trades for 200x, Amazon for 97x, Chipotle for 35x.
We got into a period where growth or the appearance of growth was everything and you were told to pre-pay for all of that growth.
Maybe we are going to fix that now.
To the OP question.... that presupposes that there is cash sitting around TO invest... I do not have any...
I have all of my money invested or it is for living expenses.... AA is not out of whack.... and most of my 'bond' funds are stuck in a cash balance account at my old mega which I cannot do anything with except watch it grow...
That would be a chunk of change. Good luck, that would also be a 10+year low for XOM. Personally, I'm not sure I could resist not buying in the mid 60's. But that's me.I have my order in for 20k of XOM at $56....we'll see
XOM at $56 is a pipe dream. That would be a 5.2% yield. Sleep well knowing that your limit order will never be filled
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Never say never. Seadrill went from $40 down to $7
Even Exxon was around $90 something early this year and is now $72. About the same drop will get it in the $56 range.
$30 oil for a few months, maybe toss in a spill here or there and bam, $56 is printed.
$30 crude oil for a few months and I'm buying auto stocks and refiners.
$30 crude for a few months, heck, I'm ordering me a new Escalade w/4 wheel drive.$30 crude oil for a few months and I'm buying auto stocks and refiners.
Never say never. Seadrill went from $40 down to $7
Even Exxon was around $90 something early this year and is now $72. About the same drop will get it in the $56 range.
$30 oil for a few months, maybe toss in a spill here or there and bam, $56 is printed.
$30 crude for a few months, heck, I'm ordering me a new Escalade w/4 wheel drive.
Never say never. Seadrill went from $40 down to $7
Even Exxon was around $90 something early this year and is now $72. About the same drop will get it in the $56 range.
$30 oil for a few months, maybe toss in a spill here or there and bam, $56 is printed.
XOM at $56 is a pipe dream. That would be a 5.2% yield. Sleep well knowing that your limit order will never be filled
Sent from my iPad using Early Retirement Forum
Not buying, but closed a few covered call positions today.