dkp993
Footballguy
So not down? It hasn’t crashed and we all aren’t broke? Wow. Based on the comments here about him I was sure we had.My 401k is flat since January. The market has been relatively sideways so far imo.
So not down? It hasn’t crashed and we all aren’t broke? Wow. Based on the comments here about him I was sure we had.My 401k is flat since January. The market has been relatively sideways so far imo.
Both of mine have made big jumps, for what it’s worth.My 401k is flat since January. The market has been relatively sideways so far imo.
Maybe I should let you manage my investments.Both of mine have made big jumps, for what it’s worth.
Some people may be inpatient or have bigger expectations given the huge gains we had over the past few years. For example, my portfolio was up 36% last year so flat is lousy in comparison.So not down? It hasn’t crashed and we all aren’t broke? Wow. Based on the comments here about him I was sure we had.
Yeh - but it was up in anticipation of Biden winning. So, you should still be thankful ...Some people may be inpatient or have bigger expectations given the huge gains we had over the past few years. For example, my portfolio was up 36% last year so flat is lousy in comparison.
You’re missing the point.Some people may be inpatient or have bigger expectations given the huge gains we had over the past few years. For example, my portfolio was up 36% last year so flat is lousy in comparison.
I thought the market would go down. So far I'm wrong & glad to be.So not down? It hasn’t crashed and we all aren’t broke? Wow. Based on the comments here about him I was sure we had.
Right. And that’s really my point, the POTUS gets far to much credit/blame (just like with Gas pricing) then warrants by those that support/don’t support them.I thought the market would go down. So far I'm wrong & glad to be.
I started investing in an HSA and a roth for my wife and I post-inauguration and we're up significantly in both. And that's with straight index fund investing. Market gonna marketSo not down? It hasn’t crashed and we all aren’t broke? Wow. Based on the comments here about him I was sure we had.
I was just using myself as an example. Why was the market up based off a Biden win?Yeh - but it was up in anticipation of Biden winning. So, you should still be thankful ...
I agree for the most part but as pointed out upthread his eo on keystone and bans on new permits does effect the futures market therefore he does bear some responsibility.Right. And that’s really my point, the POTUS gets far to much credit/blame (just like with Gas pricing) then warrants by those that support/don’t support them.
Stability and government spending.Why was the market up based off a Biden win?
Maybe, also as pointed out despite those EO’s we don’t have a supply issue. It’s a complicated web that drives the price, including post pandemic life returning and normal spring/summer price pops. Absent starting a war or instituting a massive policy change I think the POTUS’s impact is far overstated. And the point of my original post is that the right heavily weighed Trump’s Stock Market and 401k performance yet we hear crickets on that now. And again I’m not a Biden supporter, just pointing out the irony.I agree for the most part but as pointed out upthread his eo on keystone and bans on new permits does effect the futures market therefore he does bear some responsibility.
I took the suggestions from my father in law, who practically studies those types of things, and I took a bath on them during the collapse.Maybe I should let you manage my investments.
I don't really know. She's not my rep, is she yours?Does that make Marjorie Taylor Greene cast as Ronald Reagan 2.0?
True, as will curtailing supply drive it in that direction.So it stands to reason that with things starting to reopen, gas prices will rise due to increased demand? Who knew that Economics 101 had such groundbreaking information?
As oil prices increase, more sites become economically viable as well. At that point demand would be there for additional refinery capacity to be built out. Due to the capital expenditures to establish that, they won't do it unless pricing dictates it.Looking at some data - it appears that Refinery utilization rates were running in the low to mid-90% until last year, when demand for oil products dropped off dramatically with pandemic-related issues.
That hasn’t happened, according to posts up thread, at least from our side of things. There was the hack of the pipeline, which for some reason, people want to blame Biden, who doesn’t control private pipelines as far as I know.True, as will curtailing supply drive it in that direction.
Which prices surged...to levels we saw in 2018 and 2019 around the same months.That hasn’t happened, according to posts up thread, at least from our side of things. There was the hack of the pipeline, which for some reason, people want to blame Biden, who doesn’t control private pipelines as far as I know.
What did happen is Biden froze drilling lease auctions for federal lands. Now it is true that this would be future capacity and in many cases, higher cost capacity. I'm trying to present the other side here for fairness. But as prices increase, these sites become more economically viable. There is no debate there are reserves on these lands. If prices keep rising, these would be profitable sites. At that point we would be choosing to buy from countries like Russia and Venezuela, as well as OPEC states rather than produce it ourselves. I personally don't see the reason not to look into the leases, collect what revenues we can federally from that and be prepared in the eventuality that this continues. This is separate from the Russia hack of Colonial. Well, except that Russia directly stands to benefit anytime prices do increase. Whether that's causal in this case or just a convenient benefit, you can choose.That hasn’t happened, according to posts up thread, at least from our side of things. There was the hack of the pipeline, which for some reason, people want to blame Biden, who doesn’t control private pipelines as far as I know.
Sounds like you need to fire your money manager. My 401K:My 401k is flat since January. The market has been relatively sideways so far imo.
Stability in the White House.I was just using myself as an example. Why was the market up based off a Biden win?
Mine's almost as bad. Along with Paul Gosar who is in another district in AZ, Andy Biggs is just awful. Both are huge Trump supporters and MAGA hardcore big lie peddlers.I don't really know. She's not my rep, is she yours?
Right, which usually happens due to OPEC price fixing thru production controls. Not something the US has much leverage with. Bottom line is we are far past due in investing in an energy revolution that will make us truly independent and at the same time lessen the harmful effects of fossil fuels on our environment and climate.True, as will curtailing supply drive it in that direction.
We import nearly 50% of our oil imports from Canada. OPEC as a group are about 18% and Russia about 6%.What did happen is Biden froze drilling lease auctions for federal lands. Now it is true that this would be future capacity and in many cases, higher cost capacity. I'm trying to present the other side here for fairness. But as prices increase, these sites become more economically viable. There is no debate there are reserves on these lands. If prices keep rising, these would be profitable sites. At that point we would be choosing to buy from countries like Russia and Venezuela, as well as OPEC states rather than produce it ourselves. I personally don't see the reason not to look into the leases, collect what revenues we can federally from that and be prepared in the eventuality that this continues. This is separate from the Russia hack of Colonial. Well, except that Russia directly stands to benefit anytime prices do increase. Whether that's causal in this case or just a convenient benefit, you can choose.
Well, obviously on a macro level OPEC impacts the price. But if you produce more than you consume, that's a net positive for your economy in such a scenario. The rest is a great thought, but we aren't there today. The reality is, we still rely on fossil fuels.Right, which usually happens due to OPEC price fixing thru production controls. Not something the US has much leverage with. Bottom line is we are far past due in investing in an energy revolution that will make us truly independent and at the same time lessen the harmful effects of fossil fuels on our environment and climate.
Because they are geographically closer, yes. But it's not like supply and demand for oil and their impact on prices are isolated to countries, continents, or even hemispheres.We import nearly 50% of our oil imports from Canada. OPEC as a group are about 18% and Russia about 6%.
So much winning!Stability and government spending.
And, it was up in anticipation of the win.
But, ironically - the Stock market is up higher under Biden to this point, than it was under Trump to this point 14.7% to 5.8%
Right but we aren’t going to try run to OPEC or Russia if demand increases. And there is no indication that refinery capacity will increase - in fact refineries have been shuttered in the last few years - despite the demand outside the US for refined oil products.Because they are geographically closer, yes. But it's not like supply and demand for oil and their impact on prices are isolated to countries, continents, or even hemispheres.
I'm not sure I understand your economic thought here. If demand increases today, where are we to turn for our additional supply? It's not like we can buy from Canada in a vacuum and just exclude Russia and OPEC. If we buy from Canada, they sell to us versus someone else, Russia or OPEC or whoever fills the void they left at the higher prices. So yes, they would benefit from us not being able to meet our growing demand needs. Or put more simply, as demand grows the pie for sales of oil and we choose not to participate in that market, others reap those benefits. It's by default the countries producing the reserves worldwide.Right but we aren’t going to try run to OPEC or Russia if demand increases. And there is no indication that refinery capacity will increase - in fact refineries have been shuttered in the last few years - despite the demand outside the US for refined oil products.
So this whole notion of gas prices increasing because Biden did not grant future oil leases is not rooted in reality
I think the long-term demand won't be there to justify expansion - and its why I think some of the refineries were shuttered (rather than updated) - unlikely to be financially feasible.Is there some reason economically they wouldn't?
We just disagree on the economic principle then. If we don't produce internally then we are by default reducing the potential supply on the open market. If supply is X and the USA could add 2% by increasing it's internal production, then worldwide supply would be 1.02X. Demand is going to be what it is and would be a constant. Therefore, we are increasing prices by our choosing to limit our production. If it's not economically feasible, then that's a separate thing.I think the long-term demand won't be there to justify expansion - and its why I think some of the refineries were shuttered (rather than updated) - unlikely to be financially feasible.
My point is this - the supply of oil is out there - whether we import it, or produce it internally. The lack of future drilling leases on Federal lands won't impact the price of crude, nor the price of gas.
Whomever?Whomever is running it (and I’m 100% sure that it’s Grandpa Joe) : thank you. Things are going very well finally. What a relief.
What a stupid thing to try to make a story out of.
Well…consider the source used…its what they and sources like pj do.What a stupid thing to try to make a story out of.
It'll get clicks.What a stupid thing to try to make a story out of.
Yep. They are nothing but propaganda for the DNC and liberals everywhere.It'll get clicks.
I'm more disappointed in the complete lack of interest in Hunter's racist filled tweets. Absolute crickets. If Trump Jr had done that it would be the only thing on the news. Cancel culture, unless you're in the untouchable class, then no one brings it up. Not the press, not BLM, not Maxine/Ilhan/Rashida. Completely floored at the subservience of the fourth estate to the blue ruling class.
Did you see the "pineapple express" trend over the weekend. Apparently, there have been unsanctioned operations by our military to rescue friendlies. I wonder who is calling these shots?Worth a bump in light of recent comments by Biden.
The good guys.Did you see the "pineapple express" trend over the weekend. Apparently, there have been unsanctioned operations by our military to rescue friendlies. I wonder who is calling these shots?
OooffffHe did have a new clip from yesterday asking Pelosi if he should take questions or not.
Most embarrassment of a President we have ever hadHe did have a new clip from yesterday asking Pelosi if he should take questions or not.
His predecessor set that bar too high for anyone else.Most embarrassment of a President we have ever had
It is one thing to send mean tweets but we have a President who can't handle taking questions from the media that are not scripted and he is either too stupid or senial to not admit this to us.His predecessor set that bar too high for anyone else.
It is one thing to send mean tweets but we have a President who can't handle taking questions from the media that are not scripted and he is either too stupid or senial to not admit this to us.