Financial news and stock markets.

[scarface]

Well, let's talk about oil.
On Friday, Exxon, Chevron shares plunged after weak results spook Wall Street.

Exxon Mobil Corp and Chevron Corp posted rare quarterly earnings misses on Friday as cost cuts and rising oil prices failed to offset weakness in international refining operations, sending shares of both companies plunging.

The results surprised Wall Street, where analysts had been steadily raising expectations due to stronger crude prices and a rebounding global economy, according to Thomson Reuters data.

But excluding U.S. tax benefits, results at both companies fell short of expectations, casting a cloud over the U.S. oil industry just days after the nation’s output surpassed a milestone 10 million barrels per day.


Here is a conference about peak oil: https://www.youtube.com/watch?v=PVoDYha8ZRM&t=154s

And here is why humbert and aa1234779 had better sell their stocks, we could be facing a crash if interest rates keep rising: https://www.youtube.com/watch?v=L-43-BrQd8M

[aa1234779]

Sudan devalued its currency for the second time this year, the US Dollar is 40+ Sudanse pounds from just 6.9 before the first devaluation, and 2 pounds in 2007.

http://aa.com.tr/en/africa/for-2nd-time-this-year-sudan-devalues-local-currency/1055144

It seems that neither siding with Ethiopia, Qatar, and Turkey nor Saudi Arabia, Egypt, and UAE is helping any.

Not even the recent lifting of US sanctions against Sudan.

For many men and women of the country, paying those bills and putting food on the table will cause lots of stress on them, and could lead to unwanted consequences by Omar Al-Basheer's government, which has displayed ruthlessness with non-violent demands.

Anyone with knowledge of the Sudanese terrain, whether south or north, is surprised that the surplus of water in the two Niles, the fertile grounds that could be a paradise on earth haven't been taken advantage of to feed the local or regional & international markets..

There is this kind of self-pity saying that Arab intellectuals say a lot for decades, Egypt and Sudan could have been the Arab world's food basket.

Now with the Grand Ethiopian Renaissance Dam which is very likely to affect the amount of water streaming north, that dream is harder and harder to be accomplished.

There has been a stand-off between Sudan/Ethiopia vs Egypt/Eritrea in the past few weeks and things could escalate God forbid.

I remember I read in the Bible that there will be wars and rumors of wars. Let's hope that there won't be another war in the Arab region as around 6 countries are already going at it.

As a believer, I know for sure this is God's will, but what are the direct reasons that it has to be us Arabs and Muslims and Africans that have to deal with this crap this time around?

Why us?

[scarface]

Sudan devalued its currency for the second time this year, the US Dollar is 40+ Sudanse pounds from just 6.9 before the first devaluation, and 2 pounds in 2007.

There is this kind of self-pity saying that Arab intellectuals say a lot for decades, Egypt and Sudan could have been the Arab world's food basket.

I remember I read in the Bible that there will be wars and rumors of wars. Let's hope that there won't be another war in the Arab region as around 6 countries are already going at it.

As a believer, I know for sure this is God's will, but what are the direct reasons that it has to be us Arabs and Muslims and Africans that have to deal with this crap this time around?

Why us?

Egypt devalued its currency recently too. As for Sudan, well, when I read your message I have the impression it's the garden of Eden. The situation in Southern Sudan is not very good. I hope our friend Ahmad, from Egypt, has not gone there. Since 2015 he has not given signs of life. And when you say they could be the Arab world's food basket, well, once again, it could be true if these countries were less populated. Egypt is importing 80% of its food, with its 90 million inhabitants, thanks to oil. Did god curse the Arab world? That's a good question indeed. In some places, you'll notice there are conflicts where there are commodities such as oil or rare metals. Oil and gas are a bonanza for countries such as Qatar, UAE or Saudi Arabia, but they also prevent structural changes.


By next Tuesday, note there will be another release of windows 10 x64, this time with an automatic and silent activation. There will be a repack of Dishonored DotO too, faster and smaller than fitgirl's repack. The first tests are successful, but I need time to reecode bk2 files since nobody on the forum is helping.

[scarface]

Tonight, I'm going to talk about my forecasts concerning the stock markets.
After the rebound, I think we are headed for a new crash on the stock market.


A similar view comes from technical analyst Mark Arbeter, who thinks there is a significant likelihood to go back to recent lows.

Besides, fundamentally speaking, many managers think the market is way overvalued. MacroMavens President Stephanie Pomboy discusses in the video below her concerns over current economic conditions and the Fed’s impact on the stock market and thinks Stock market will sell off by 30%!
https://finance.yahoo.com/video/stock-market-sell-off-30-021934797.html

[scarface]

Well, as stated in the previous message, after equity market bounced back by 62%, I'm expecting a new dramatic fall of the s&p 500.
In fact, early January, a specialist correctly predicted the correction that happened early February by analyzing the Bitcoin chart, and both the s&p 500 and the bitcoin charts had the same pattern, one month and a half apart. Of this analysis proves true, we are probably in front of an impending significant correction.
For sure this is going to be fun.

[scarface]

Tonight, I'm issuing a red alert on the stock market.
The similarities between 1987 and 2018 are striking (aa1234779 and Maher probably noticed that) - an article here: http://www.acting-man.com/?p=52296
My target is 2100 on the s&p 500.

And a few videos...
A manager who thinks the stock and real estate bubbles are going to explode (in Fr):
https://www.youtube.com/watch?v=fzknfi5ylnQ

The similarities between 87 and 2018: https://www.youtube.com/watch?v=vetPn2EvTTQ



https://www.youtube.com/watch?v=24xRFPGMImY

https://www.youtube.com/watch?v=dChjADy341I

[aa1234779]

I've turned a blind eye ti stock markets long ago.
It doesn't require a rocket scientist to notice it's just a huge bubble waiting to burst. Same goes for the petro-dollar. The day it is valued at its true worth will be a sad day for planet earth.
I'm noticing similarities between 2018 & 1979 more and more everyday.
All there is to do is hope for the best.

[humbert]

The older I get the more convinced I am that the stock market is a huge scam. Only those at the very top of the totem pole make real money. Others invest and either lose everything or make a small profit. I would never invest in the stock market no matter how much rich I get.

[Vasudev]

The older I get the more convinced I am that the stock market is a huge scam. Only those at the very top of the totem pole make real money. Others invest and either lose everything or make a small profit. I would never invest in the stock market no matter how much rich I get.

Yep. That's the case in every nook and corner of business, more money w/o caring what happens to middle class and poor class people.

[scarface]

In this topic, a few months ago I told you not to invest in snap. It seems I'm vindicated. The stock price dropped by 20% today, and hit an all time low.

A few weeks ago I was looking at a stock and I was thinking: I don't know what they are doing, it's probably experimental, but the stock is a bit expensive.
It declined by 80% in two days. The firm is amoeba.




The stock collapsed after the rejection of its biological biocide.

On friday, the resumption of trading for the Amoeba stock turned out to be catastrophic, while it declined by 70% at 5.5 euros this Friday on the Paris Stock Exchange, having already lost nearly 20%on thurday before being suspended. In a statement, the group announced that its application for authorization of the biocidal active substance Willaertia magna C2c Maky for use in product type 11 (TP 11- Liquid protection products used in cooling systems and manufacture) has not been approved by the Biocidal Products Committee.

"This opinion will have to be confirmed by the European Commission through an implementing regulation according to the regulatory procedure.The regulations are expected in the fourth quarter of 2018," the group said in its statement.

Before the collapse, it was worth 130 million euros, for 60 000 euros in revenue in 2016. I don't think the US market is as overvalued as amoeba, and yet, I might be wrong but I think the next months are going to be funny. If interest rates keep climbing, the s&p 500 can go to 2000. To put that in perspective, a mere firm like facebook is worth more than the whole Indian market. Maybe the whole indian market is not expensive. Maybe facebook is earning a lot of money -at the expense of its members who are targeted by ads. But maybe facebook and other American techno stocks are a bit expensive too.