A comprehensive market wrap to end the week
Doc and LPG are here for a longer than normal market wrap. We cover it all – US equities, oil, gold, and the US dollar.
Click download link to listen on this device: Download Show
Especially………………watch Japan!
Yeah Big AL……….go out and live it up! ” Everything is all right, uptight, way out of sight! “
You just wait until next month………..Oh the Pain continues!
Big AL, Like I keep on saying…………….YOU AIN’T SEEN NOTHING YET!
https://www.youtube.com/watch?v=4cia_v4vxfE
*Yawn*
That’s right ” Alice in Wonderland keep om yawning! “
Skeeta…….you are one of those greedy ones that I talk about on here!
Damn fool!
Not greedy Mark,
Just not hunkered in a bunker like you.
But tell us all how them canned beans taste like again?
That was dumb!
Only for the snow am I hunkered down, in this beautiful ranch style two car garage here in this quiet lovely suburb! Sorry I don’t have any beans only filet mignon!
Have fun if snow is your thing then?
I’m at the beach today. 🙂
Snow does look pretty on TV & postcards, must be like Wonderland….LOL
…..but for me its only interest is a day trip or two in winter with the kids.
I’m buying a popcorn machine next week.… and a comfy chair.
Smart Man……….not just for next week, but for all year!
This punishment for seven years of lies and schemes is just beginning!
So Big Al you need to get an electronic trading platform so you can cash out with a mouse click. 🙂
FANG stocks have lost 60 billion since last May. Take the FANG stocks out of the 1 year S&P chart and see what you get.
S&P gonna go to 1550 or lower sooner rather than later.
Has anyone even begun to draw some analogy or even remark at the extraordinary irony between Black Monday and the contemporary market?
Everything is hunky dory. Lets shoot for 2100 s&p. There are forecasts of 2350.
BHP Billiton, Rio Tinto, Anglo American and Vale are among the dozens of mining and energy firms that Moody’s placed on review for a credit downgrade on Friday, as companies continue to get hit by a sharp drop in commodity prices triggered by oversupply and slowing growth in China.
The ratings agency said it would review the credit ratings of 12 mining companies in Europe, Middle East and Africa (EMEA) and 11 firms in the US to “recalibrate the ratings in the mining portfolio to align with the fundamental shift in the credit conditions of the global mining sector.”
In Canada, Moody’s placed on review for downgrade 12 mining companies, including Barrick Gold, Teck Resources, Eldorado Gold, IAMGOld Corp., Taseko Mines, HudBay Minerals and Lundin Mining, while the number of firms at risk of a downgrade in Australia were just four— Fortescue Metals, Newcrest Mining, South32 and Alcoa.
Three of the world’s top energy groups — Royal Dutch Shell, Total and Statoil — are also among the companies at risk of ratings downgrades following a collapse in oil prices that intensified this week, bringing losses in 2016 close to 30%.
Globally, the affected companies also include Newmont Mining, AngloGold Ashanti and Gold Fields. Glencore’s credit rating was last month downgraded to one notch above junk status by Moody’s, which cited likely weak mining market conditions over the next two years.
Moody’s expects to conclude most of its planned rating reviews of energy and mining companies by the end of the first quarter
BHP has said for years it has a progressive dividend policy (maintain the current dividend or raise it).
I call BS,
They will cut it at the next dividend announcement.
LPG “OIL goes to $45.00 and rolls over”
Did I understand that correct?
Lets hope!
Some good coin to be made!
CS,
The sound was not top clear so just to clarify, at 11mn58sec, I said $35 (not $45).
Broadly speaking, a $10.50 region on USO corresponds to the $35 region on oil.
Best to you,
LPG
**** SURE, YOU ARE GOING TO GET SOME UP DAYS, I TOLD YOU SO, YEAH UP 210 POINTS!
You just wait until next week, all of these short term gains will be gone!
You ain’t seen nothing yet!
Watch China next week!