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Author Topic: Money  (Read 6351 times)

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AGelbert

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Re: Money
« Reply #510 on: December 18, 2018, 02:52:48 pm »
Graphic Below Created December 25, 2014 by Agelbert when SLB was at around $79 a share:

United States   SCHLUMBERGER NV (SLB) 🦕
   
12/18 02:39:53 pm SLB 38.005   USD  -2.68%

Listen to those rich smaht guys  and BUY. BUY. BUY BITCOIN! GET DAT MONEY! YOUSE GOTTA HAVE MORE MONEY!

It's not enough for Eddie to be $Rich$ 🤑.  He needs to be a Master of the Universe before he retires.


RE

Well, we all have our hopes and dreams. Some are reality based; others are, uh, see below:

December 18, 2018

SNIPPET:

Quote
“Famous market observer Art Cashin mentioned a metaphor in October 2017 that resonated with me. He said (words to the effect that) at that moment, market players had only the protection provided by pictures of lifeboats, not the lifeboats themselves. This is just like the Titanic, whose measly 16 lifeboats looked nice, but left many hundreds on board with no means of escape when the ship sank. That is the current market situation in a nutshell. Players seem to believe that their positions are diversified enough to protect them in a downturn, and in any case, many appear to expect no major drawdown in spite of many months of extreme volatility. I would argue that the risk is far greater than perceived by many, and the protections most have in place are quite inadequate.

Read more:



Wait on the Lord: be of good courage, and he shall strengthen thine heart:
wait, I say, on the Lord. -- Psalm 27:14

 

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