Have been interesting for the markets as we huddled in fear over every twitch and quirk out of Greece. How did they let things get so bad? Add to that, oil took a gut punch today when the IEA decided to release 60M barrels over the next 30 days. The markets believe there is a waning demand for oil while the IEA believes there is insufficient supply. When coupled with bad job figures and none too impressive leading indicators, it looks like the rest of June and much of July will be dark times. =[
Don’t take my work for it btw, I’m quoting Christoph Eibl, co-founder of Zug, Switzerland- based Tiberius Group. Here’s the article: http://www.bloomberg.com/news/2011-06-23/commodities-fall-most-in-seven-weeks-after-plans-to-release-crude-oil.html
Not to hijack your thread, but thinking of summers past has got me reminiscing that maybe it’s time to ditch the smart phones and get back to the Motorola razrs. I’m sick of carrying a brick.
Black Swan Wrote: ------------------------------------------------------- > Not to hijack your thread, but thinking of summers > past has got me reminiscing that maybe it’s time > to ditch the smart phones and get back to the > Motorola razrs. I’m sick of carrying a brick. i really hope the iphone5 cures this. i’m not wearing a murse to carry my phone around.
I hear iphone 5 will just be camera and processor upgrades I don’t know man, the gizmo’s are losing their draw for me. I’ve had an iphone since the original and I was a razr guy before that. I think I want to go back to simplistic minimalist phones again. boost mobile has one called the Bali that is apparently a modern reincarnation of the razr. i’ve been contemplating it. Just a light fast phone to bring back the nostalgia and the days when phones served the purpose of coordinating bar runs and that only. I’ve been hearing a lot of sentiment lately about getting sick of large phones.
i heard its suppsed to be a total redesign so it can be both verizon and att - hopefully the hardware gets better, too. oh yeah - i had the ‘rokr’ i think. looked exactly like a ‘razr’ except it played mp3s and wasn’t a flip phone.
Well this thread sucked. But since we’re on phones… RIM’s going to get bought out.
tj2001 Wrote: ------------------------------------------------------- > Well this thread sucked. > > > But since we’re on phones… RIM’s going to get > bought out. Who do you think would buy them? If they were to get bought out, my guess is it would be Microsoft. They have a big enough mkt cap and have enough cash that they could swallow RIM whole and not think twice about it.
krazykanuck Wrote: ------------------------------------------------------- > tj2001 Wrote: > -------------------------------------------------- > ----- > > Well this thread sucked. > > > > > > But since we’re on phones… RIM’s going to > get > > bought out. > > > Who do you think would buy them? > > If they were to get bought out, my guess is it > would be Microsoft. They have a big enough mkt cap > and have enough cash that they could swallow RIM > whole and not think twice about it. I’ve never given it thought, but what you’re saying here makes sense in terms of being able to develop a strategically viable competitor to the iPhone as well.
I thought Microsoft already had a deal with Nokia? Anyway, does no one have any thoughts on where oil (specifically, WTI) is headed?
tj2001 Wrote: ------------------------------------------------------- > Anyway, does no one have any thoughts on where oil (specifically, WTI) is headed? I think it’s going up, there’s more buyers than sellers, though I’m cautiously optimistic. You should probably have some dry powder just in case it takes a tumble and then be sure to buy into weakness.
tj2001 Wrote: ------------------------------------------------------- > I thought Microsoft already had a deal with > Nokia? > > > Anyway, does no one have any thoughts on where oil > (specifically, WTI) is headed? Short term - down Long term - up
Good to know… a lot of my oil positions are in Double ETFs which try to “replicate two times the daily performance, net of expenses, of the NYMEX light sweet crude oil futures contract for the next delivery month.” …Over the very LONG term this yields no real advantage over a single ETF (if you take into account daily volatility and the sequence of up and down days)… but over something shorter… like a year or so, ETFs like these have shown greater promise.
…like DXO or something? Be careful with levered ETFs for longer term holdings, you start to introduce other exposures into your p/l. I was also kind of kidding with my response, though I do think it’s up (just have no real basis for that).
I’m in the Canadian markets so the Horizon Beta Pro stuff. Levered ETFs’s main concern is that it isn’t double the return, it’s double the daily movement… that’s why the SEQUENCE of ups and downs are really important. Furthermore, while in the short term (one year) the ETF will dominate over a Single ETF, over the long run there’s no real advantage (in some cases loss of money).
LPoulin133 Wrote: ------------------------------------------------------- > tj2001 Wrote: > -------------------------------------------------- > ----- > > Anyway, does no one have any thoughts on where > oil (specifically, WTI) is headed? > > I think it’s going up, there’s more buyers than > sellers, though I’m cautiously optimistic. You > should probably have some dry powder just in case > it takes a tumble and then be sure to buy into > weakness. with that many cliches in two sentences you have what it takes to be a professional hockey player