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Did anyone join the dippers today? It doesn't look like it to me. I'm still thinking take the long way around with oil tankers. It's like a big puddle of water. When you're a kid you wade through it & pay the price , wet feet & a whipping. Adults, most, go around.
I see the current situation as one step forward, two steps backwards.
I am content to wait for a better entry point. I already lowered my equity allocation another 10% in the last two weeks. Lots of dry powder. I might drop another 5-10%, if I see the right opportunity.
Still down from my high by just -2.21%. No fun, but no panic here. 52 stocks, 46 bonds, 2 cash.
A dividend arrived today, too. Uncle Scotty at Treasury (?????) says US warships will escort traffic through Hormuz. Radar and sonar ought to do the trick, I guess. But now the US will have entered the long-term quagmire. The Iranians will just keep on keepin' on, keeping escort service necessary. Maritime insurance will stay at nosebleed levels. Orange Child didn't think about THAT, did he??? ET jumped up yesterday after a rating upgrade. Down -1% today. So, oil/natgas or LNG had nothing to do with yesterday's leap. ... SWVXX down to 3.48% yield.
Pam Bondi's DOW is down under 46.7K. We were all supposed to be talking about it at 50K. What is the next stop on this market train?
Oil near $100/barrel seems to be a worse fate than tariffs, for which US consumers ended up getting dinged.
Maybe it's the one-two punch (tariffs + oil price disaster) that was needed to flip the script and tame the bull market. Sometimes it takes a village, and sometimes it just takes 1 idiot.
"...and sometimes it just takes 1 idiot." Trump: "When oil prices go up, we make a lotta money!" Does anybody, anywhere, think he should be taken seriously, still?!
Comments
I am content to wait for a better entry point. I already lowered my equity allocation another 10% in the last two weeks. Lots of dry powder. I might drop another 5-10%, if I see the right opportunity.
A dividend arrived today, too. Uncle Scotty at Treasury (?????) says US warships will escort traffic through Hormuz. Radar and sonar ought to do the trick, I guess. But now the US will have entered the long-term quagmire. The Iranians will just keep on keepin' on, keeping escort service necessary. Maritime insurance will stay at nosebleed levels. Orange Child didn't think about THAT, did he??? ET jumped up yesterday after a rating upgrade. Down -1% today. So, oil/natgas or LNG had nothing to do with yesterday's leap. ... SWVXX down to 3.48% yield.
Oil near $100/barrel seems to be a worse fate than tariffs, for which US consumers ended up getting dinged.
Maybe it's the one-two punch (tariffs + oil price disaster) that was needed to flip the script and tame the bull market. Sometimes it takes a village, and sometimes it just takes 1 idiot.
Trump: "When oil prices go up, we make a lotta money!"
Does anybody, anywhere, think he should be taken seriously, still?!