The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
i see 5.44%
Good luck Texan - huge mammoth size balls :)
Hope it works out for you
Thanks Funky - you raise a good point but i still think Brent will fall fast and hard when oil turns.
Frankly i am happy to sit on the sidelines for now and let the weekend play out and lets take a look at next week - but my bet is markets down and think we will re-test lows last seen at start of this crisis.
US had blow out earnings from Big Tech last night but still opened tody down - as i said, liquidity has dried up - watch out for next leg down in markets overall
Gold up
Bonds Down
US Markets down
VIX up
ASAHI :)
The world doesn't need it, we are producing too much of it still and there is still far too much in storage - yes i can smell it and its gonna drown us soon . . . might just short Brent looking at US futures for a punt ummmmm?
Time to buy - Hell No!
This hasn't even got started yet - watch treasury yields and hedge funds cash positions - big II's have sold up most of their positions, Deustche fund sold over 90% of their FAANG, Alibaba, Coca-Cola, Mc Donalds etc - watch the fundamentals guys. Only for the extremely brave or . . .
as expected came out with earnings beats. Market will react and positively for sure but IMO that will be short lived and we will head lower across the board in the coming days / weeks. Watch those hard earnt pennies carefully - hope you all do well
you might want to take a read and then actually read the TU's from these majors which will enlighten you as the sh** storm they are in and predicting and why and how they are switching to renewables - PMO, is simply another oily producer caught up in the same mess but with less wriggle room thats the point i am making - all IMO of course.
https://oilprice.com/Energy/Energy-General/Oil-Majors-Report-Dismal-Second-Quarter-Earnings.html
Mnazir - if thats your take, well so be it - but the correlation between oil and oilies is becoming more dislocated. IMO this has absolutely sod all to do with being held there to destroy shale - most shalers can produce profitably 40+ so they would be laughing. Demand is weak and will get weaker - EU is looking for partial shutdown again, look at what is happening again in China, Hong Kong, S Korea, Vietnam and now SPain, Germany, SOuthern Europe, Romania - then look at the US situation deteriorating by the day - how can economies recover / plough forward when the root cause is still wreaking havoc and upsetting the global movememnt of people, goods and trade - come on guys !
of king ramper KennyG ! they always run for the hills when the going gets tough and show their true colours -
THis is the problem Funky - TD is such a parrot that he will probably chose this timing to announce some marvelous refinance package to enable him to afford his delusions of grandeur and buy that BP asset (which BP are surely having a huge smile on their face for) and whilst most other oilies are dunping assets and cutting capex and tightening their belts - frankly i dont know what is going through TD's head but this time he might just put the nail in the coffin for PMO - what a plum really
The start of a well overdue correction and (IMO) much worse to come - this is where (as i have been saying for too long now) that the fundamentals start to take control back again as the reality of all that false liquidity starts to come to pass - mark my words this will get a lot worse than it did at the initial drop and we will re-test those lows so get your hard hats on (tin hats wont cut the mustard)
Kraken - did you really just write that ?
If thats your take on it and the media are spinning a horror story then your credibility just flew out the window.
Really . . . tell me you really dont believe that and you do really understand what is happening ?
closed my final short on TLW - a good ride and probably will see that go a lot lower also but profit is profit and nervous abot times ahead. Pretty much fully cashed up now apart from one beloved AIM which i will hold come what may.
SK - what you doing now ?
really is well out of his depth as CEO and the sooner the BOD realise that the better - as you can see ARM and the MM's already know that and enjoy making money from his continual screw ups - shame, the company has such potential under better leadership
for weeks i been telling you guys to cash in your profits - everyone shot me down in flames -
i will see that 35 after all but now i see this falling further - we might see 20's IMO -
Seems some leaky ship - news leaking ahead of TU causing 4% drop more than most other peers ? Thoughts ?
Not at all - am only short one oilie (not PMO) and long a few AIM but 90% cash !
The perfect storm - not good signs at all as II's start to move their money into Gold and cash.
I note this morning that there is a lot of rhetoric out of the US by Kudlow and Mnuchin talking up the next bail-out, they can see the writing on the wall and just trying to delay or negate what to me now seems inevitable. If the democrats delay the bill or it doesnt cut the mustard then will need more than tin hats.
An interesting week ahead with key earnings - GLA