Archy1221 Posted December 30, 2023 Share Posted December 30, 2023 3 hours ago, BigRedBuster said: Thanks Joe I like that return in 2023. Makes up for the -18% return Joe gave us in 2022 for S&P and 33% decline in the Nasdaq. 1 1 Link to comment
teachercd Posted December 30, 2023 Share Posted December 30, 2023 My stocks took an a$$ beating today! But, for the past two weeks they have been on fire. Options Friday!!!! 1 Link to comment
BigRedBuster Posted December 30, 2023 Author Share Posted December 30, 2023 33 minutes ago, Archy1221 said: I like that return in 2023. Makes up for the -18% return Joe gave us in 2022 for S&P and 33% decline in the Nasdaq. Link to comment
Archy1221 Posted December 30, 2023 Share Posted December 30, 2023 4 minutes ago, BigRedBuster said: Kinda like I said earlier. Makes up for the s#!tty 2022 2 Link to comment
Archy1221 Posted December 30, 2023 Share Posted December 30, 2023 5 minutes ago, BigRedBuster said: What’s crazy about the NASDAQ is take out the Magnificent Seven returns and check out what the NASDAQ 100 2023 return would be. 1 Link to comment
Archy1221 Posted December 30, 2023 Share Posted December 30, 2023 28 minutes ago, Archy1221 said: What’s crazy about the NASDAQ is take out the Magnificent Seven returns and check out what the NASDAQ 100 2023 return would be. Not the end of the year but it gives you the picture of how much they carried the market this year. https://www.nasdaq.com/articles/you-might-be-shocked-to-learn-where-the-sp-500-would-be-in-2023-without-the-magnificent 1 Link to comment
Guy Chamberlin Posted December 31, 2023 Share Posted December 31, 2023 On 12/29/2023 at 5:05 PM, Archy1221 said: I like that return in 2023. Makes up for the -18% return Joe gave us in 2022 for S&P and 33% decline in the Nasdaq. Seriously now, do you think decline and rise in things like the stock market and employment in the past two years are more reflective of global pandemic economic reactions, or policies attributed to Joe Biden? For what it's worth, I never blamed Donald Trump for the economic crater that hit during his last year in office. Link to comment
Archy1221 Posted December 31, 2023 Share Posted December 31, 2023 40 minutes ago, Guy Chamberlin said: Seriously now, do you think decline and rise in things like the stock market and employment in the past two years are more reflective of global pandemic economic reactions, or policies attributed to Joe Biden? For what it's worth, I never blamed Donald Trump for the economic crater that hit during his last year in office. It’s possibly you didn’t see the message I replied to…..hence my wording choice. 1 Link to comment
teachercd Posted January 1 Share Posted January 1 5 hours ago, BigRedBuster said: Win for JB! Win for us at the pump! Loss for me because 2 years ago I about a SUPER Non-Male car instead of what I really wanted because of the cost of gas. #EverVirgin #Can'tImpressGirlsWithMyCar 1 1 Link to comment
DevoHusker Posted January 1 Share Posted January 1 8 hours ago, BigRedBuster said: Here is one opinion on why the Admin isn't loudly taking credit 1 1 Link to comment
BigRedBuster Posted January 1 Author Share Posted January 1 18 minutes ago, DevoHusker said: Here is one opinion on why the Admin isn't loudly taking credit Why did the rig count start going down in 2019, during Trump and before the pandemic? 1 1 1 Link to comment
DevoHusker Posted January 1 Share Posted January 1 36 minutes ago, BigRedBuster said: Why did the rig count start going down in 2019, during Trump and before the pandemic? I dunno. Why is it down 20% this year? 1 1 Link to comment
BigRedBuster Posted January 1 Author Share Posted January 1 7 hours ago, DevoHusker said: I dunno. Why is it down 20% this year? Oil drilling boomed under the Obama administration. That continued under the beginning of Trump. However, the industry can not remain viable if it drills and produces to much. They started happening. At one point, the Trump administration actually asked Saudi Arabia to cut back production because oil price was to low and companies were going out of business. In 2019, the industry needed to cut back drilling so it didn’t produce too much. Then, the pandemic hit and it crashed the entire industry. When Biden came into office, the world was coming out of the pandemic and drilling rig count went back up to pre-pandemic numbers. We are now seeing the benefit from that with lower gas prices. The industry needed to cut back drilling so it didn’t produce too much and crash the price. You see, as much as people want to believe it, Presidents don’t have as much control over drilling as political parties want you to believe. It’s an industry controlled by supply and demand. But, to claim Biden has cut drilling while ignoring the cut in drilling under Trump, is being disingenuous. 3 Link to comment
DevoHusker Posted January 1 Share Posted January 1 2 hours ago, BigRedBuster said: Oil drilling boomed under the Obama administration. That continued under the beginning of Trump. However, the industry can not remain viable if it drills and produces to much. They started happening. At one point, the Trump administration actually asked Saudi Arabia to cut back production because oil price was to low and companies were going out of business. In 2019, the industry needed to cut back drilling so it didn’t produce too much. Then, the pandemic hit and it crashed the entire industry. When Biden came into office, the world was coming out of the pandemic and drilling rig count went back up to pre-pandemic numbers. We are now seeing the benefit from that with lower gas prices. The industry needed to cut back drilling so it didn’t produce too much and crash the price. You see, as much as people want to believe it, Presidents don’t have as much control over drilling as political parties want you to believe. It’s an industry controlled by supply and demand. But, to claim Biden has cut drilling while ignoring the cut in drilling under Trump, is being disingenuous. Thanks for the insight. 1 Link to comment
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