OlDawg

lol All joking aside, I pulled out gulf shrimp and bacon for shrimp & grits this evening for supper.

Just as an FYI, Cushing isn’t part of SPR.

I'm saying the MOU isn't an agreement that's binding in any fashion. It's nothing more than a 'pinkie promise.'

Personal opinion is the MOU won't hold. If it does, I've seen multiple MOU's that were vastly different than final agreements. Iran will attempt to dither until after November elections. We'll see if the Administration allows this game to be played. Two months will allow global oil reserves to be replenished enough for other action to occur, and actually receive more buy in from global players, and the American public--if the Administration educates them better. This Administration's communication skills stink. They'll have to do much better on that front.

Once started, the ceasefire was a disastrous idea. This could have been done by now with a much different ending. Trump received VERY bad advice. But, the buck stops with him. He said he's the 'Boss.' He makes it a point to be the BMOC. He owns it.

Wrong. JCPOA didn't have snap inspections of any sites, or destruction of existing enriched nuclear material. In fact, it included terms that required giving notice to Iran about upcoming inspections, and even allowed them to self report enrichment. JCPOA was a big, fat nothingburger. It's yet to be seen what this will turn into.

You won’t find any argument from me. But, this was a forgone conclusion as soon as the ceasefire was called. It’s been written on the wall since.

I’m amazed at all the criticisms/kudos for an agreement that doesn’t yet exist…

You knew it would see-saw hard & fast. I can’t recall an IPO in a long time that didn’t lose 50% of its value in the first year. Many have come back strong and stayed strong. You didn’t mention E*TRADE. That makes a difference on fees. Still the same for tax purposes. SpaceX is so different than other firms, I see it as more of a trade stock versus an investment stock for the shorter term. Long play, I think it definitely has legs. But, the mere nature of its business is high risk. Too risky for my taste as I’m already living on savings and investments. I was also worried about it being so dependent on the government and whatever Administration was in at the time. When reading the prospectus, 20% of it’s business was with the Feds.

At this stage in my life, I'm not really a growth investor any more. I'm more of a value/income/dividend player. But, if I had another 20 years where I really wanted a good growth stock, and SPCX dipped down to $115-$120/share, it would definitely be on my buy list.

Definitely tone deaf.

Still to early to decide if this effort was a success or failure. That won't be known until the formal agreement is signed at least a couple months from now. If there really are snap inspections and full access by IAEA, and IAEA supervises dilution of current material, it could be deemed successful from the nuclear threat aspect. I also still say, the Strait--thus Iran--has lost it's bargaining power for the future. Supply chains will no longer rely so much on passage through the Strait for the bulk of their needs. This is an outcome that wasn't discussed as a goal. It's an unintended consequence. But, it's a definite positive for the U.S. The Administration lucked out, and backed into this one.

I’m not a ‘trust the process’ guy. We were both a little off based on current numbers. Looks like 75% have access to a defined plan of some type. The attachment breaks it down (latest data) by different categories, regions, etc. [Hidden Content]

Gains in the stock market benefit anyone contributing to a 401k. Over 80% of employees in the U.S. have access to an employer sponsored 401k. If they don’t contribute, they’re missing out on the best investment chance offered in America today. Especially if it’s employer matched of some amount/type. Those who say they can’t afford it don’t know that the tax savings on their regular paycheck almost negates their contribution in most cases. Many employees find their actual take home pay very close to the same whether they contribute or not because of the pre-tax aspect of 401k’s ‘lowering’ their taxable paycheck.

If I were a paranoid person, I'd begin to think someone was reading my posts. lol The Oil Business Is Shifting From Hormuz to Houston. The Iran War May Have Made It Permanent - National Security Journal