dow jones

You sound like an idiot, not shocking, no it is a falling for us but for other people it certainly will be if you think everything is just fine you’re a fool. The pain is about to get extreme for a large amount of people because this economy is in The dumps and he’s not coming out anytime soon
My fear is deliberate poisoning of natural sources of food and water. It's happened before under dictatorships.
 

newfie

Well-Known Member
There, there Chicken Little. The sky is not falling.
you see the news about Walmart putting a freeze on buying inventory because they have a glut and are not selling as fast?

along with that they announced they are hiring 40000 people for peak. last year they hired 160000.
 

newfie

Well-Known Member
The market not reacting to this?

this issue still has a lot of ugly to get through.
if putin loses the war he loses his job. Putin will do anything and everything to make sure he does not lose.
best solution now may be to hope or assist an over throw of putin.
 

Up In Smoke

Well-Known Member
Our domestic production is still 1000 barrels a day short of where we were pre-covid. You know trump would have had those oil executives in the white house last year beating on them to ramp up.
Oil companies aren't beholding to anyone but their shareholders. Why would a company ramp up production only to have their product be worth less? Capitalism is charging as much as you can for as long as you can. The consumer will tell you when you've gone too far. CEOs would have had to take the requests back to the shareholders for a vote. What shareholder would vote to lose money on purpose? What's funny is Musk was forced to vote for the sale of Twitter to himself a couple weeks ago or be sued by the remaining shareholders for failing to act in the best interest of Twitter.
 

Up In Smoke

Well-Known Member
Are you ready?
That article is a little dated. I wouldn't put a lot of faith in anything Walmart says. They gave pre-quarter guidance a month before second quarter report. The guidance sent the stock down 20+ % and huge call option contracts were purchased. They reported a month later and beat earnings across the board and the options became worth 100s of millions dollars.
 

olroadbeech

Happy Verified UPSer
Oil companies aren't beholding to anyone but their shareholders. Why would a company ramp up production only to have their product be worth less? Capitalism is charging as much as you can for as long as you can. The consumer will tell you when you've gone too far. CEOs would have had to take the requests back to the shareholders for a vote. What shareholder would vote to lose money on purpose? What's funny is Musk was forced to vote for the sale of Twitter to himself a couple weeks ago or be sued by the remaining shareholders for failing to act in the best interest of Twitter.
True for UPS also. As long as I get those good divvies......
 

Jkloc420

Do you need an air compressor or tire gauge
That article is a little dated. I wouldn't put a lot of faith in anything Walmart says. They gave pre-quarter guidance a month before second quarter report. The guidance sent the stock down 20+ % and huge call option contracts were purchased. They reported a month later and beat earnings across the board and the options became worth 100s of millions dollars.
Biden is :censored2:ing up, just admit you voted for the guy and messed up, dude sucks and we can go to ww3 at any point
 

Up In Smoke

Well-Known Member
Biden is :censored2:ing up, just admit you voted for the guy and messed up, dude sucks and we can go to ww3 at any point
I did vote for him, but I blame 20 years of bad policies and spending. You can't take your debt to GDP from 55% to 135% and not expect to get hammered one day. Today is that day.
 

olroadbeech

Happy Verified UPSer
Ups is a garbage stock. Sure, I own it, but only because of the thrift plan conversion, 5% discount and 3% dividends. I've owned stocks in the transports that have tripled the UPS return.
Like mentioned before I am not a stock market guru. The majority of my holdings are in Vanguard Index funds. I do not try to time the market. I use DCA to get the best long term results.

I do own some individual stocks thru my self managed acct in the 401k . Mainly they are high yield blue chip stocks.
 

Jkloc420

Do you need an air compressor or tire gauge
I did vote for him, but I blame 20 years of bad policies and spending. You can't take your debt to GDP from 55% to 135% and not expect to get hammered one day. Today is that day.
You would be right on that and I Blame the bushes to but biden was there for 40 years
 

Wally

BrownCafe Innovator & King of Puns
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newfie

Well-Known Member
Oil companies aren't beholding to anyone but their shareholders. Why would a company ramp up production only to have their product be worth less?
the oil industry forecast that they think they can get back to pre covid levels of production by some time next year. Currently their down by 1000 barrels a day and more from those levels. Clearly they have no concerns about a worth less product if they have plans to eventually get back to precovid levels.

Oil executives have said that in light of the hostility they have seen from this adminstration they need assurances that they will not be shut down or impeded by the administration before investing the capital to ramp up production.

like or hate Trump you and i know he would have met with the Oil executives and worked out solutions and beat them silly if he needed to to get the production up and he would have done it last year. he continously showed he was willing to meet with these groups as president.

Biden has yet to meet with our oil executives but has gone to Saudi Arabia to meet with them. The Saudi's position is that they are close to capacity and that any increase in production will be targeted to non producer countries. The united states as a producer country will have to fix their own supply issues.

can we now please stop making excuses for Biden and admit he has thoroughly screwed the pooch?
 
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