MARKETS,Anybody even yet?

[case]

Buffett has bought quite a bit of OXY and it has done nothing but go down. I wonder what they see in it?

[dinghy]

Buffett has bought quite a bit of OXY and it has done nothing but go down. I wonder what they see in it?

A few years back I bought it because Carl Icahn liked it.

I haven't looked at it recently, but I own a large smattering of oil and gas stocks. I like the risk/reward because everyone craps on them, so in aggregate they're not expanding reserves. If circumstances align properly, I think a major supply crunch is substantially possible.

[dinghy]

That should be a good sign for the NASDAQ

the NASDAQ

[dinghy]

If you're buying offshore drillers this morning ... you might be a contrarian .

NE, SDRL, VAL

[olds442jetaway]

Market doesn’t know whether to s… or go blind. My YTD off highs just a bit. The only thing up today that I have was BGS and Vale. Seems like more and more are heading for dividend plays like these two are. I bought Vale after some of Dinghy’s posts and my own research. BGS I have for years. Combination of dividends, trading it, and using for losses to offset other gains. DX my most recent buy continues to be strong with great dividends and so far has weathered the market storm. No buys for now in the immediate future. If I was a bit smarter, I would try some swing trades with the Nasdaq big guns when they get hammered, but I’m not that savvy when to get in and out.

[dinghy]

My YTD off highs just a bit.

I think I'm 1 to 2% off. This year it feels like everything I own is either up big or down big.

Winners: gold miners, internationals, Treasuries
Losers: oil & gas, petrochemicals, uranium, pot

Looking through the numbers today, I'm astonished that Europe (VGK) is +15% ytd while USA is down slightly. The major western European leaders are on a suicide mission seeking war with Russia. Keir Starmer, Emmanuel Macron, Ursula von der Leyen. The new guy in Germany, presumably.

I think Europe was cheap by some measures, but I'm not anxious to invest there now. I would only consider the non-woke eastern European countries. Russia probably won't be a viable option any time soon.

If I was a bit smarter, I would try some swing trades with the Nasdaq big guns when they get hammered, but I’m not that savvy when to get in and out.

For my larger positions, my general philosophy is to maintain a target dollar amount. Stock goes down, I have to buy more; stock goes up, I have to sell some. I realize that's contrary to the experts.

Tomorrow brings the monthly employment report. This is where west coast living can be inconvenient because I need to up and running at 5:30 am to possibly trade the release.

[olds442jetaway]

My philosophy is similar in many areas. I hate to buy with the hopes of going higher with a PE of like 400. I just won’t do it. I will be scouring the news with coffee by 8 AM our time. No casino plans for at least the next few days after another unwelcome shellacking Tuesday. I would love to get at least one day/swing trade in before then for 300-500 or so gain.

[olds442jetaway]

.000833 hit today in the market. While the percentage doesn't look so bad, the dollars remind me of an off night of play at Bizarro World. I suspect more pain than gain in the near future. Some of my best Mortgage Stocks are helping things maintain.

[dinghy]

Commenting on AGI, it looks expensive at a (trailing) PE ratio of around 30, but the company is rapidly progressing. Forward PE is estimated at 16. Expanded production lowers costs by diluting fixed cost significance. For 2026, the company is projecting $1200 all-in cost. The product sells for currently ... $2700 .

The wild card imo is Canada's government. The moron-in-chief has announced his resignation, and the capitalist is 90% to win the election.

Oops. The fill-in PM, Mark Carney, has now surged ahead in the polls, and will reportedly call for an election next month.

I don't see why the voters would elect another globalist weasel, but it appears he likes his chances. Afaik, Carney has never been elected to anything.

My Canadian gold mining stocks are whistling while they work. AGI is +40% ytd, and the others are up nearly as much.

[olds442jetaway]

. Last thing we need is a Communist running our nearest neighbor with the longest border.