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PeakOil is You

Stock Market Crash! (merged) Pt. 10

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Fri 18 Oct 2019, 11:17:04

L Brands, Inc. is an American fashion retailer based in Columbus, Ohio. Its flagship brands include Victoria's Secret and Bath & Body Works. L Brands posted $12.63 billion in revenue in 2017, and was listed as 231 on the 2018 Fortune 500 list of largest United States companies by revenue

LB stock is down 8% today. LB stock has gone from $28 to $16 in just 6 months.

The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer.

GPS stock is down 5% today. GPS stock has gone from $27 to $16 in just 6 months.

Netflix, Inc. is an American media-services provider and production company headquartered in Los Gatos, California

NFLX stock is down 7% today. NFLX stock has gone from $400 to $275 in just 6 months.

Under Armour, Inc. is an American company that manufactures footwear, sports, and casual apparel.

UAA is down 5% today.

Conclusion: This is Cog in the very near future after the jobless Starving Hordes get very very angry:

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Last edited by StarvingLion on Fri 18 Oct 2019, 11:40:50, edited 2 times in total.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby rockdoc123 » Fri 18 Oct 2019, 11:27:30

As the debt grows the interest rate must go down, or the debt can not be serviced. 


In the context of US debt, this statement is very misleading. The average interest rate on US debt is currently 2.6 %. Interest rates increase when the economy is doing well which you doomers have been claiming isn’t the case….hence for you to say interest rates are sure to rise in the same sentence as the US economy is going down the toilet is basically stupid. The budget for 2020 is $4.1 trillion so a half percentage point increase or decrease would be 0.3% of the annual budget. That means the current debt carrying cost would rise from 8% to 8.3% or fall from 8% to 7.7% of the annual budget. I don’t think that warrants a lot of hand-wringing or cause for celebration either way.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Fri 18 Oct 2019, 11:29:40

The Jet Engine is DEAD.

Here's the proof: Boeing stock is down 4% today and has been in collapse mode in the past 5 days going from $380 to $350.

Lockheed Martin and Northrup Grumman are down another 2% today...FAILING FAILING FAILING.

When will Pathological Liars, rockdoc and Cog, admit this is their fate:

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Fri 18 Oct 2019, 11:35:02

The Stock "Market" is collapsing. The "Price" of Oil is collapsing. The Real Economy doesn't even exist any longer.

All this while MASSIVE MONEY PRINTING is now occurring.

Conclusion: The proper course of action is show below...The "sound mind" part doesn't apply to Cog,rockdoc, and Outcast

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Fri 18 Oct 2019, 11:46:15

For The First Time Since The Crisis, Companies Spent More On Buybacks And Dividends Than They Earned..
https://www.zerohedge.com/health/first- ... l-downhill

Needless to say, of the above, the most important prediction is Goldman's forecast for a "collapse" in buybacks.

This is important because as even central banks and the IMF admit, the primary culprit behind the invincible strength of the stock market has been the tremendous growth in stock buybacks by corporations over the past two years, which had a habit of lobbing a barrage of repurchase orders just as stocks were about to crack. All of that is now ending.


OOPs. The party is over. Now - who gets to clean up the mess!
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Fri 18 Oct 2019, 11:51:52

Cog, Oil is getting routed. I think the Crims are giving up trying to prop this Pile-O-Shit. I see CrimCopters in the sky every night now. They know this Shitfest is gonna blow.

Cog, where is the $300M for my Flying Saucer Physics and Designs? This is the last hope for "America"

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby asg70 » Fri 18 Oct 2019, 13:45:50

StarvingLion wrote:The Jet Engine is DEAD.


Plant would disagree on that one.

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Fri 18 Oct 2019, 13:52:59

Lebanon, another nation on the brink of economic ruin, is now seeing nation wide mass protests against poverty and corruption.

Nation after nation is falling into chaos.

The war in the neighbour Syria continues. The war will never end. When they run out ammunition, they will continue to fight with sticks and stones.

Trump wants out of Syria. Trump is not a politician, he is a business man. He sees no value in Syria...just "sand and death".
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yonnipun » Sat 19 Oct 2019, 05:52:35

People should really use their common sense , otherwise they get scammed hard. A stock market does not produce anything valuable and therefore it is not possible to get profit from it. It is a scam for an average joe who eventually looses most of his money. As I already said, 17 years after the compulsorary pension reform the productivity of stocks was clearly negative. Tell me, how come the finest brains in the banks could not produce anything? And tell me then, how could an average joe make profit? Not possible.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Sat 19 Oct 2019, 07:46:45

The war in the neighbour Syria continues. The war will never end. When they run out ammunition, they will continue to fight with sticks and stones.

Trump wants out of Syria. Trump is not a politician, he is a business man. He sees no value in Syria...just "sand and death".


If you read Durant, Gibbons, or even the Bible you will notice that is what they have been doing for the last 7,000 years. They have never advanced much past a tribal culture, and the US gave one them the bomb. "Father against son, son against father, and the two against the world". "sand and death" was always the norm until someone found a lot of oil. They can now perform technologically aided genocide on any scale they want.

The oil age is ending, so let's leave the ME where it was when the West got there. The House of Saudi was killing off some other rag heads for the throne. After the West has been gone for a while they will be doing the same thing with swords and clubs, rather than F-16s.

We need new technology to use the crappy oil we have remaining; at least until we come up with a more reliable energy source. Concentrating on a slaughter house sand box 5000 miles away is no longer going to help us get any closer to solving that problem. It is time for us to start minding our own business, or we aren't going to have any.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby rockdoc123 » Sat 19 Oct 2019, 11:11:15

A stock market does not produce anything valuable and therefore it is not possible to get profit from it. It is a scam for an average joe who eventually looses most of his money.


Dumber words have never been spoken.

The S&P is up 3.4 times since the bottom of the market following the major recession. If you invested $10,000 in 2009 and just did as well as the S&P you would now have $34,000 rising about 3 times per annum higher than it would in a savings account.

If you had bought Netflix back then your investment would have increased 33 times to date. If you had bought Apple your investment would have increased 16 fold. If you had been non-aggressive and bought Chevron your investment would have doubled and you would have also taken home annual dividends based on an average 3% yield over that time period. If you had bought one of the pipelines such as TransCanada (now TC Energy) your investment would have doubled and you would have also benefited from a 3.5% average yield over that time period. If you had bought Costco back then your investment would be worth 6 times it’s original value today. If you had bought Concho Resources back then your investment would be worth 3.4 times its original value and that after some major hurt from low investment in the oil and gas stocks post 2018 (if you had sold at any point in 2018 you would have turned a 7.9 times profit on your investment).

If you were in the market and not making money since the recession then the problem is with you, not the system.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Sat 19 Oct 2019, 11:17:41

The Banking System versus Deteriorating Quality of Oil + Catastrophic Increase in Oil Decline Rate (aka Oil Apocalypse)

Result: The Banking System is the Bug Splat on the Windshield

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Sat 19 Oct 2019, 11:47:18

When will Cog appear and admit

The Boeing Corporation is Dead. Poor Cog, without the Boeing scam, the Medievalists will soon arrive at his door wielding this:

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https://www.marketwatch.com/story/boein ... 2019-10-18

Shares of Boeing Co. on Friday were on pace for their worst close in nearly two months after a report said that internal messages suggest the company misled federal aviation authorities about the safety of the 737 Max jet.

BA stock down 7%
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Sat 19 Oct 2019, 11:54:00

People, Chile is on the BRINK OF TOTAL COLLAPSE...

Isn't this the shithole that is the sterling example of the "success" of NeoClassical Economics? Gee, looks like our resident EconoDunce, outcast_searcher, has more DOOM on his hands.

Chile's president declares state of emergency after riots over ...
https://www.cnn.com › 2019/10/19 › americas › chile-protests-intl
5 hours ago - Chilean President Sebastián Piñera declared a state of emergency in a televised address to the nation on Friday after days of violent protests in the country's capital. Hundreds have taken to the streets of Santiago and surrounding cities in recent days to protest against the ...
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Sat 19 Oct 2019, 11:59:31

Okay, Chile was the last straw. I am now going on record stating:

The Profession called Economist is DEAD.

Its all self-serving Total Bullshit. This is where it belongs.

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby StarvingLion » Sat 19 Oct 2019, 12:50:20

BW Hill: We need new technology to use the crappy oil we have remaining


Poor BW. He is currently in a state of Delirium

Delirium is a serious disturbance in mental abilities that results in confused thinking and reduced awareness of the environment.

He can't get the rubbish of Oil Reserves out of his head and he doesn't understand Law #1 of my Physical Economics

Law #1: If you don't have access to Libya/Arab/Russian oil (the good stuff) you are dead.
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Cog » Sat 19 Oct 2019, 13:25:10

Att stock is doing well. A motivated investor who has put $3.6 billion at stake is encouraging ATT to focus on value instead of dividends. This works for me either way since I've owned T stock on a long time horizon.

Or you can listen to ghung or the cowardly lion and not invest in the market
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby shortonoil » Sat 19 Oct 2019, 15:06:46

Hay Starved, are you finished spaming this thread?

People should really use their common sense , otherwise they get scammed hard. A stock market does not produce anything valuable and therefore it is not possible to get profit from it.


The stock market does exactly what it is supposed to do; it moves money from one pocket to the pocket of someone else, and it consistently moves it to fewer and fewer pockets. It has moved most of the equity value of the entire world to less than 1% of the populous. Like the monetary system it is a broken, out dated albatross, and neither of them will work beyond the end of the oil age.

The world has a little problem, it is going broke. To keep the appearance of an economy it is consuming its existing assets. That process is showing up as an exploding level of debt. The savings are gone, the pension funds are gone, the future for anyone to be born is gone, the oil is almost gone; with the topsoil, and the water. Almost everything that could be stripped bare has been taken. There is no question as to what's happening. $341 trillion in debt testifies to it.

Yes, we are getting scammed; they are selling an illusion that can never come true. A little common sense would now change the world; if a little can be found? It would bring about a new beginning, but new beginnings arrive slowly. If only we had the time? The foundations of our very modern technological society are shaking.

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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Sun 20 Oct 2019, 02:04:20

Schlumberger posts a USD 11 Billion loss in Q3

https://oilprice.com/Latest-Energy-News ... -Loss.html
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Re: Stock Market Crash! (merged) Pt. 10

Unread postby Yoshua » Sun 20 Oct 2019, 02:17:57

Chevron's energy price strategist said that Chevron will have a positive cash flow from shale oil at 55 oil in 2020.

Oil prices are just too low right now.

The Fed should perhaps start buying oil?
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