DOW 20k!!! - the investing thread

Friday's close has RCL at 18% of its 52 week high
CCL at 15%
NCLH at 14%

I'm holding 100 shares of all three and considering maybe 100 shares of each more. It's kinda risky money though, IMO. Another wave of this circling the globe in the Fall and closing ports again would certainly sink them all. At minimum I don't think CCL could borrow much more money nor dilute their shares too much more. Airlines too probably although they would likely be nationalized or at minimum bailed out somehow.

 

Saudi investment fund bought 8.2% stake of CCL. Shares up 25% so far today.

RCL up 20%

NCLH up 16%

 

I love this call on Dave Ramsey's show.
Shows a more giving attitude. It's okay to spend (once you're there) and it's good to be generous and/or tithe.

 

Yup, that's it right there!

 

Barrel of oil, 42 gallon, on open market is $12.5x

 

Looking at $10.89 now... just crazy... surely shows, beyond shadow of doubt or flavor of politics... the world has stopped. Incredible.

 

I'm toying around with the idea of using my stimulus check to pay some extra taxes on another chunk of Roth conversion.

Seems kinda strange/stupid that I'm using the money the government gives me (which is really my money) to give back to them, so that I can keep more of my money in the future.

 

A barrel of oil is now worth nothing!

https://www.star-telegram.com/news/c...242148631.html

Oil prices plunge so far that a barrel is now worth less than nothing

Oil prices plunged below zero for the first time ever on Monday due to decreased demand during the coronavirus pandemic, media outlets reported.

U.S. crude oil prices dropped to negative $3.70 per barrel as of 2:15 pm. Eastern time, according to The Associated Press.

The drop in demand during COVID-19 shutdowns have forced oil producers to “pay buyers to take the glut of crude which they cannot store, as rising stockpiles of crude threaten to overwhelm oil storage facilities,” The Guardian reported.

Goldman Sachs warned that storage facilities, terminals, refineries, ships and pipelines would run out of room to store oil, according to CNN.
“The market is starting to signal that not only is there no demand for this crude, eventually there could be nowhere for it to go,” Jeff Wyll, senior energy analyst at Neuberger Berman, told CNN.

Oil prices had already begun to drop at the beginning of the year due to the coronavirus crisis, according to The Los Angeles Times.
“Refiners are rejecting barrels at a historic pace, and with U.S. storage levels sprinting to the brim, market forces will inflict further pain until either we hit rock bottom or COVID clears, whichever comes first, but it looks like the former,” Michael Tran, managing director of global energy strategy at RBC Capital Markets, told the Los Angeles Times.

Of course the value will come back but how long and what damage will be done?

 

That's just nuts!

 

Knothead closed at -$37 for WTI in Oklahoma.. There is no place to put it.. But remember:
crude is basically worthless until refined
Only spot for that was in OK
Brent sea was still 26
Future prices 2 months out are $30

I am smelling BS somewhere

still not something I ever expected to see

 

Very true Canadian border VT that was for May delivery. Last time I looked it was -$37 a barrel. June delivery contracts are still around +$20 or so for now. Things are going to get bad. Time to bend the economy.

 

The chart below shows the US job loss over the last 50 years. One can only wonder how this will effect the stock market long term.

 

According to the chart... it looks as though it won't be crazy to expect the stock market to eventually start another downward trend, as reality sets in. For now, the market cheerleaders are still doing what they're paid big $$ to do, keep folks investing. We pulled what little we had out of the market 5 weeks ago. If, and when, all the dust settles "in the real world", we'll take a look at getting back in... though it'll depend on what the real world looks like then...

 

So many friends “but market looks forward”. Yes but S&P500 is market weighted so top 5 companies carry as much weight as bottom 350 companies and they tell you it’s well diversified

look it up you might have heard of top names Microsoft, Amazon, Alphabet Apple

 

As of last week, I've invested my whole 2020 contribution for my IRA.
Next up, a guy I work with recently inherited a bunch of gold & silver and is willing to sell it at spot price.

 

Still 50% US equities (combination of common and preferred) and 25% International equities. No plan to change that going forward, regardless of the market. But I am finding more opportunity in preferred stocks now, which never interested me before.

 

When and if the market comes back what would come back stronger? The US market or the international market?

Gary

 

I've made back 15% of the 25% I was down at the bottom. Only down 10% now but I bought VTSAX near it's peak. S&P is currently near June 2019 #s. Dow is around Jan 2019 levels.

I'll just keep buying the US market via VTSAX.

 

I hold some individual stocks that were hard hit, some still down 70% or so. So I was down 40% at the low, have come back about half that. Haven't panic sold anything, but have bought a little.

 

Very sad.....but true!