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Brian Earl Spilner
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AG


Wouldn't this just exacerbate inflation?
Brewmaster
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Brian Earl Spilner said:



Wouldn't this just exacerbate inflation?
yes, and also it is beyond stupid. Drill already and let's finish the pipeline, F Buffet and his oil trains.

sorry, apparently I need a beer, lol.
Seven Costanza
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I was joking recently that these morons would start sending out checks to offset the increased cost of living (leading to even more inflation). Shockingly, they are actually considering it.

I also assume that they know that price controls will lead to shortages, but I'm not convinced that it isn't also on the table.

It's like they went to a high school and asked a bunch of random 9th graders what they should do with inflation.
Farmer @ Johnsongrass, TX
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texagbeliever said:

ON, XOM & CVX all had big after hour sales. Is that from Puts being cashed in?

ON's afterhours volume was 60 MM which is nearly 6x the stocks average volume.

XOM &CVX were as big of outliers but still significant nonetheless.
XOM
Has a trailing 3 year earnings growth rate of 50+%, trades a single digit P/E's based on FY earnings estimates, then reports record profits and guides up. After a two day pop then trades down over 2% a day 16 of the next 17 trading days and ends up trading at a sub 5 P/E. Can you say "manipulated"?
Carlo4
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Seven Costanza said:

I was joking recently that these morons would start sending out checks to offset the increased cost of living (leading to even more inflation). Shockingly, they are actually considering it.

I also assume that they know that price controls will lead to shortages, but I'm not convinced that it isn't also on the table.

It's like they went to a high school and asked a bunch of random 9th graders what they should do with inflation.



George Michael Bluth and Maebe Funke running the banana stand
Farmer @ Johnsongrass, TX
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Speaking of bananas, how does Cem Karsen's banana tweet's measure to what is going on in the market? I know a lot of folks here respect Cem for his abilities and interpreted his tweets. Just wondering if he predicted something special with bananas that actually materialized. I don't recall the details. Thanks in advance for any reply.
Tumble Weed
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Carlo4 said:

Seven Costanza said:

I was joking recently that these morons would start sending out checks to offset the increased cost of living (leading to even more inflation). Shockingly, they are actually considering it.

I also assume that they know that price controls will lead to shortages, but I'm not convinced that it isn't also on the table.

It's like they went to a high school and asked a bunch of random 9th graders what they should do with inflation.



George Michael Bluth and Maebe Funke running the banana stand

There's always money in the banana stand!
BaylorSpineGuy
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I will only add that there was large selling volume on OIH/CVX/XOM a couple weeks back. That was pretty much the high and it has drifted downwards since.

There may be some news we don't know yet but may be Saudi's sending oil or demand destruction, etc.
BaylorSpineGuy
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Farmer asked about Cem. Here is his latest tweet. I'm
Not smart enough to understand all details.

ProgN
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Bitcoin sinks below $20,000 as crypto meltdown intensifies

https://www.cnbc.com/2022/06/18/bitcoin-sinks-below-20000-as-crypto-meltdown-intensifies.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Crypto crashing
BaylorSpineGuy
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Word of caution to those bullish on bonds, namely TLT. The daily chart reveals a bearish abandoned baby pattern, suggesting more bond selling.

Am not long bonds right now and certainly not equities. Commodities also declining. Crypto and gold no better.

Be careful out there.
FJ43
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Y'all get outside with family and leave stocks til next week.

The FJs. Back in TN.


Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

ProgN
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I hope that blue toe polish really brings out your eyes and salt n pepper goatee.
Carlo4
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Below $19k now
Farmer @ Johnsongrass, TX
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ProgN said:

I hope that blue toe polish really brings out your eyes and salt n pepper goatee.
That hot pink canoe tho.....
XXXVII
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You have very smooth legs.
DeSantis 2024

FJB, FJB, FJB, etc
FJ43
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Farmer @ Johnsongrass, TX said:

ProgN said:

I hope that blue toe polish really brings out your eyes and salt n pepper goatee.
That hot pink canoe tho.....


Her 7MM-08 is hot pink, black and gray camo. That may be worse.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

Premium
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Carlo4 said:

Below $19k now



Dan Scott
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Is MSTR liquidating? Friday was the first day it was below 21k for substantial period of time. Bitcoin starting dropping after market close. It feels like those leveraged are dumping.
Dan Scott
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And markets closed Monday thanks to Juneteenth. It's going be wild
Dan Scott
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Flushing below $18K now
Jet Black
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I wonder how many folks jumped in at $60k?
Premium
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Jet Black said:

I wonder how many folks jumped in at $60k?


Don't know, but if it gets down to about $3K I'll buy about 20 BTC. Then ride it back up to $80K for a $1.5 million gain
frankm01
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Ruh ro.......Coinbase app


ProgN
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What is that?
frankm01
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Coinbase app is having connection issues. But at least my funds are safe.
Premium
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frankm01 said:

Coinbase app is having connection issues. But at least my funds are safe.


Not if they are loaded up on Crypto
Jet Black
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Premium said:

Jet Black said:

I wonder how many folks jumped in at $60k?


Don't know, but if it gets down to about $3K I'll buy about 20 BTC. Then ride it back up to $80K for a $1.5 million gain


Good plan. I'm in. I'd prefer $1k though.
BrokeAssAggie
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I spent all day outside cutting up another tree that fell in our backyard


ProgN
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The burning bush
BrokeAssAggie
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Told me to buy puts next week
59 South
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I'm in the FJ camp, y'all blokes go out and enjoy life while ya got it. Ag lose, market down, no worries haha. Both have hella comebacks coming

Afternoon show with the missus and her mom at Royal Albert Hall followed by Spanish wine and tapas. Now a Guinness night cap at home. Get busy livin or get busy dying!


If this post is on the B&I forum, lighten up it's just money!

Disclaimer: I'm not that smart.
Bob Knights Paper Hands
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Was the tree 80 years old and wearing toe clips?
BaylorSpineGuy
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Wow….loading up on something when it's down 98%?

Would much rather you drop $160K on RGS so I can unload my position! Same outcomes for both I'm afraid.
FJ43
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Happy Fathers Day to all you dads. What a blessing being a father is. Never take a moment with your kids for granted.

Giv'em a hug today and let them know you love them.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

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