Is the stock market going to tank?

[4matic]

Good to see the dollar getting hit the day before a holiday and a long weekend. It enforces the trend lower. Same with crude oil.

[4matic]

The dollar is a bit weaker bouncing around a four month low. Another momentum move takes DXY to 100 which is a long term pivot. That’s bullish
For stocks and bonds.

[406]

Anyone have experience with something called "Supplemental Benefit Group Retirement Plan" as part of the 401k plan? Wife started new job and they have an option to exceed the annual personal contribution limit by taking a fixed amount of pay and putting it in the 401k. They decide the amount and it goes up a little each year. Can not ever opt out and unlikely to have options to join later. She only works 50%, so amount is about 10% of pay, significant hit but seems like a good opportunity. I suppose she could reduce elective contribution by that amount and after seeing we are still on track for other goals(and not living on rice and beans), go back to maxing yearly elective contribution.

[4matic]

10y note back to the June high.

[BobMc]

My account has been mostly sideways the last month or so, little bit of a bump from J Powell’s comments yesterday.

Hoping those beaten down tech/growth stuff I’ve bought in the last month or so come to fruition. AMD has been one of my winners, wish I’d bought more than 20 shares at $58.12. I hope Summit bought a fair amount of RIO, my 14 shares bought when he recommended them have done well.

I’m up to $403.29/month in dividends now. Set an order to sell a put on O for Jan 20 @$57.50 for .55, if filled that should bump me up to $429/month. If not, I’ll keep the $55.

[summit]

Glad the RIO is working! I bought a whole bunch of it in the 50s. I grabbed a small amount of GOOG and AMZN around 90, thank you on that.

Whoever suggested FLNG a ways back, thank you, that's been doing great.

I wish my INTC wasn't doing so badly... but at least I didn't dump it in the mid 20s.

[4matic]

10y and DXY both closed at 6 month lows and on the lows of the week.

Well done BobMc. Keep those dividends rolling. $5k a year now!

[4matic]

DJIA is unch yoy. Down 5% ytd. Could easily close plus on the year.

[4matic]

20 month low in gasoline futures.

[406]

Up we go! I'm thinking S&P low for year was in Oct. Seeing lots of mountain bike stuff on sale, so obviously inflation is done :-)

[boltonoutlaw]

20 month low in gasoline futures.

Do you like MRO now?

[4matic]

Do you like MRO now?

It’s not the kind of stock I buy and don’t have an opinion. I liked oil stocks in general when crude was $30 because with dividends you got all your money back in less than years.

[4matic]

Quarterly expiration this week

[boltonoutlaw]

It’s not the kind of stock I buy and don’t have an opinion. I liked oil stocks in general when crude was $30 because with dividends you got all your money back in less than years.

Noted

[Brock Landers]

Do you like MRO now?

MRO will get bought. I’m still long

[BobMc]

MRO was one of the first stocks I bought when I started investing in April 2020. I’d bought 100 shares of CWH at $7.22 and sold them for $13.30 three weeks later. Bought 100 shares of MRO at $5.60 with the profit, bought 22 more shares over the next couple months and then stopped buying other than DRIP.

I wish I’d bought more while crude was still struggling. I’ve made $125.70 selling calls and puts on my shares the last couple years. The last time I tried to buy more was last July when I sold a put with a strike of $22, I took the easy way out and made $40 without being assigned.

If it gets to $30 again I plan on selling another call on it. I still want out of it to move the money into something with more yield.

Attachment 438188

The sector is highly susceptible to the cyclical nature of the price of oil, if you want to invest in E&P companies you probably want to do a lot of reading on sites like oilprice.com. Different companies have different strategies on where to invest, MRO is big in Texas, and internationally in Equatorial Guinea. It all boils down to the cost per barrel, some places obviously are better than others. Personally if I was looking into a E&P company right now I’d side with XOM or CVX, both offer a better yield and better propects.

The main reason I want out of MRO is that I want to take some profits on an equity I’m long and paying no taxes on capital gains and then move that money into a midstream to enhance dividend/distribution income.

[boltonoutlaw]

Thanks for this discussion. I am divested from fossil fuels IRL for individual stocks but of course they are in the mutuals I still own. For my fictional portfolio I think MRO is a buy

[Brock Landers]

MRO was one of the first stocks I bought when I started investing in April 2020. I’d bought 100 shares of CWH at $7.22 and sold them for $13.30 three weeks later. Bought 100 shares of MRO at $5.60 with the profit, bought 22 more shares over the next couple months and then stopped buying other than DRIP.

I wish I’d bought more while crude was still struggling. I’ve made $125.70 selling calls and puts on my shares the last couple years. The last time I tried to buy more was last July when I sold a put with a strike of $22, I took the easy way out and made $40 without being assigned.

If it gets to $30 again I plan on selling another call on it. I still want out of it to move the money into something with more yield.

Attachment 438188

The sector is highly susceptible to the cyclical nature of the price of oil, if you want to invest in E&P companies you probably want to do a lot of reading on sites like oilprice.com. Different companies have different strategies on where to invest, MRO is big in Texas, and internationally in Equatorial Guinea. It all boils down to the cost per barrel, some places obviously are better than others. Personally if I was looking into a E&P company right now I’d side with XOM or CVX, both offer a better yield and better propects.

The main reason I want out of MRO is that I want to take some profits on an equity I’m long and paying no taxes on capital gains and then move that money into a midstream to enhance dividend/distribution income.

Bmc. You don’t need midstream for income anymore. Just something to think about.

[JimmyCarter]

Picked up some Eni a while back and it’s been nice. Currently a 6+% dividend plus as one of the original investors they are (or were) the largest owner of commonwealth fusion.

[Cono Este]

Top of the bracket again.

[rod9301]

Bmc. You don’t need midstream for income anymore. Just something to think about.

Sorry, i don't understand what you're saying

Sent from my moto g 5G using Tapatalk

[jono]

Sorry, i don't understand what you're saying

He's saying if you sell your Gazprom you can buy other income yielding investments that don't carry the same downside risks. Because interest rates have gone up.

[4matic]

2yn yield getting smashed. Doesn’t believe Fed.

Or, perhaps they do believe the Fed and the economy gonna get choked to submission.

[Brock Landers]

Or, perhaps they do believe the Fed and the economy gonna get choked to submission.

this

I gave my year end 2023 guesstimates on weds…fed funds 3.5, IG spreads 168, 2-10 -110.

[Cono Este]

Going to bottom of bracket again