Money and Finance
Well another week gone and another week home. Even though oil prices have been climbing higher I haven't seen an uptick on the exploration side. Although I don't really expect to see too much of an increase because even in the high $30's/low $40's many fields aren't profitable even with the lower exploration costs and better efficiencies. And it's even worse when you factor in the large number of "DNC", drilled not completed wells, that have been drilled over the last 12-18 months. While I love getting to be home it's been almost 3.5 weeks now so I'm more than ready to get back to work.
Did the markets even dip to start the year? It certainly doesn't seem that way now. The S&P 500 added another 1.35% over the week. As of Friday's close it's actually climbed back higher than it closed out 2015. What a crazy ride the first 2.5 months of 2016 have been. Within the first 3 weeks of the year we saw at 10% decline, a re-test of the lows a couple weeks into February and we haven't really looked back since.
It's when we have market action like we've seen so far to start the year that we all need to lock things into our mind. With the rapid decline to start the year I don't think you could find one analyst/talking head/trader that was "bullish" on the markets over the short term, yet here we are just a little while later and the mood is different. This just reinforces the fact that no one knows what the markets will do in the coming days, weeks or months. Focus on finding quality companies with competitive advantages.
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- Weekly Roundup - March 12, 2016
Despite some rocky moments during the week the S&P 500 closed higher with just over a 1% gain for the week. That makes 4 straight weeks of gains after the first month and half saw went almost straight down. Even after all of the disruption in...
- Weekly Roundup - March 5, 2016
What a week for the markets and oil! The S&P 500 added almost 70 pts or 3.5% and closed just shy of 2,000. The S&P 500 is now down just 2.2% since the start of 2016. Oil climbed higher throughout the week as well ending the week above $36...
- Weekly Roundup - February 27, 2016
The layoffs at my employer weren't quite done last week and more were carried out this week as well. Luckily I've still escaped the layoffs but it sure is a scary time to be in the "patch". I still expect at least one more round...
- Weekly Roundup - January 23, 2016
This past week was definitely not a quiet one for the markets. Through the close on Wednesday the S&P 500 had declined another 1.1% bringing the YTD decline to 9.0%. Oil dipped down below $26 during the week as well. However, things turned...
- Weekly Roundup - January 16, 2016
Quick round up this week. The markets sure are in a sour mood to start off the year. After being down about 6% through the first 5 trading days of the year the S&P 500 is now down 8% year to date. If only I had some cash ready. Luckily though...
Money and Finance
Weekly Roundup - March 19, 2016
Did the markets even dip to start the year? It certainly doesn't seem that way now. The S&P 500 added another 1.35% over the week. As of Friday's close it's actually climbed back higher than it closed out 2015. What a crazy ride the first 2.5 months of 2016 have been. Within the first 3 weeks of the year we saw at 10% decline, a re-test of the lows a couple weeks into February and we haven't really looked back since.
It's when we have market action like we've seen so far to start the year that we all need to lock things into our mind. With the rapid decline to start the year I don't think you could find one analyst/talking head/trader that was "bullish" on the markets over the short term, yet here we are just a little while later and the mood is different. This just reinforces the fact that no one knows what the markets will do in the coming days, weeks or months. Focus on finding quality companies with competitive advantages.
Read more »
- Weekly Roundup - March 12, 2016
Despite some rocky moments during the week the S&P 500 closed higher with just over a 1% gain for the week. That makes 4 straight weeks of gains after the first month and half saw went almost straight down. Even after all of the disruption in...
- Weekly Roundup - March 5, 2016
What a week for the markets and oil! The S&P 500 added almost 70 pts or 3.5% and closed just shy of 2,000. The S&P 500 is now down just 2.2% since the start of 2016. Oil climbed higher throughout the week as well ending the week above $36...
- Weekly Roundup - February 27, 2016
The layoffs at my employer weren't quite done last week and more were carried out this week as well. Luckily I've still escaped the layoffs but it sure is a scary time to be in the "patch". I still expect at least one more round...
- Weekly Roundup - January 23, 2016
This past week was definitely not a quiet one for the markets. Through the close on Wednesday the S&P 500 had declined another 1.1% bringing the YTD decline to 9.0%. Oil dipped down below $26 during the week as well. However, things turned...
- Weekly Roundup - January 16, 2016
Quick round up this week. The markets sure are in a sour mood to start off the year. After being down about 6% through the first 5 trading days of the year the S&P 500 is now down 8% year to date. If only I had some cash ready. Luckily though...