Stock Prices

[farmaholic]

Are Stocks on sale now or....?

How long do you wait? Guessing lows is as impossible as guessing highs.

I can't/don't dedicate the time necessary to do a good job of flipping stuff. I'm a buy and hold kinda guy. Strong blue chip.

Did anyone sell anything off thinking the energy sector was going to feel some pain?

****en RRSP-Mutual Funds and ETFs!!! I wish I would have invested every dollar into my own operation that I invested in those stupid things...

[ajl]

Not really. They are in a long term bear market that will last the foreseeable. Aging populations are naturally deflationary and when you combine that with excess debt the way forward is down down and more down. However, for savvy traders there will always be short term opportunities. NG and oil is likely near a long term low. Prices will rise but not enough to make the Canadian industry profitable. But farming is also in a long term bear market as well. The only reason last year was profitable for many was inputs were purchased with an 0.80 dollar and outputs sold with a 0.72 dollar. There was a nominal gain of 10% which was enough to swing from red to black for many. That can happen in 16 is the dollar drop to 0.65 which can happen but will ignite hyper inflation.

[errolanderson]

Even Mr. Mad Money Jim Cramer is cautioning and starting to run for-the-hills . . .

[cottonpicken]

On the level historically they are high,but with the smoke and mirrors who knows.

Personally believe good gold and good oil companies are a buy but with with the last couple days market carnage maybe better to hold off.

There is a rumour that Cramer said today"in 12 days non of this will matter"but i never heard it myself.

[hobbyfrmr]

I am tempted to setup TFSA s for the kids and buy oil, like Suncor, ot Shell or Exxon. I wiuld just leave them sit , time is in the kids' side. oi will recover eventually and they may possibly have a windfall.
Oil is "absurdly low". I never would have thought I would see absurdly low price of a barrel of oil.
I never would have thought in my lifetime I would see a Quebec drama teacher leading our country. Definitely indications of "getting old. "

[sumdumguy]

Wonder what Cramer means about 12 days. Anyone know?

[furrowtickler]

Agree totally with RRSP's et all - shoulda just went harder on the farm.

[Rareearth]

The price of oil isn't low enough! simple supply demand, and no one like keys it, a race to the bottom we've seen before.

Technology has unlocked tens of billions of barrels of oil that used to be impossible to extract. U.S. oil production is at a 30-year high, and the U.S. is now the world’s largest oil producer.

According to the International Energy Agency (IEA), oil reserves of developed nations reached a record high of almost 3 billion barrels in September.

• OPEC is also pumping record amounts of oil…

The Organization of the Petroleum Exporting Countries (OPEC), a cartel of Middle Eastern countries, produces 40% of the world’s oil. Until recently, OPEC limited its oil production to keep prices high.

But last month, OPEC abandoned its production limit of 30 million barrels per day (bpd). According to Bloomberg Business, investment bank Goldman Sachs (GS) expects OPEC to pump 32 million bpd this year. That would be a new record.

The economies of OPEC nations depend on oil. For example, crude oil accounts for 83% of Saudi Arabia’s exports. And it makes up 68% of Iran’s exports. These countries must keep pumping oil…even with prices at 11-year lows.

[LEP]

I went to cash in June of last year. Things felt overheated then. I still think there is more pain to come.

But as cotton says dyodd.

[cottonpicken]

Well everything is a risk but oil is below its break even price of production. The vertically inter grated companies have held up surprisingly well.

The demand slump hasn't been that bad.

The scary part is the worlds industrial slow down. It's not consumer driven. But logic says that may only be a matter of time.