RE:RE:RE:RE:RE:$36s to $3s same oil priceWe are going to get caught in this downward trend, so hang onto your hats.
Keep buying as you feel comfortable assuming you do not need the funds for 3 years or more.
I have a suspicion that there is a lot of money on the sidelines. Many funds have been hinting at a possible downturn, thus they must be taking profits, waiting for weakness. I say 15% which would be 2500 to 4000 on the DOW.
If they are pricing McDonald's at around 24 x earnings that is way too high but they are not broke, numbers don't look bad etc. so unless there is a fundamental misdeed somewhere it won't be forever.
I will guarantee you though that based on previous bull markets there are some managers out there that are crooked to the core, that are faking out people and won't be found out unless huge amounts of redemptions are requested which they won't be able to handle.
I am especially waiting to see the bottom fall out of the Cannabis market. Profits won't be anywhere where they think unless large companies start buying them out for edibles.
Back to BNE, if they raised the dividend at least enough to help people by the 6% or 7% margin interest each month then the pressure would be off to some degree.
What is the sense of doing a share buyback when the sentiment is still against you. If they are expecting a market downturn take advantage of it then.
I am surprise many did not comment on the FAKE NEWS research I posted about earlier. I firmly believe it has a huge impact on whether outside investors jump into a foreign market.