T1B

Billionaire prince among dozens arrested in Saudi sweep




RIYADH, Saudi Arabia — Saudi Arabia has arrested dozens of princes and former government
ministers, including a well-known billionaire with extensive holdings in Western companies, as
part of a sweeping anti-corruption probe, further cementing King Salman and his crown prince
son’s control of the kingdom.

A high-level employee at Prince Alwaleed bin Talal’s Kingdom Holding Company told The
Associated Press that the royal was among those detained overnight Saturday. The employee
said he received calls from several security bodies notifying him of the arrest. The employee
spoke on condition of anonymity due to fear of repercussions.

https://www.washingtonpost.com/business ... 3320cf6865





Developing...

Sounds like a hostile takeover.

All I know is my GE stock has been tanking. Should have sold it all a long time ago.

Wolfman wrote:All I know is my GE stock has been tanking. Should have sold it all a long time ago.

Sin,
2003

2001 at $53 a share is calling.

Wtf??








Saudi Helicopter Carrying 8 High-Ranking Officials & Prince Bin-Muqrin Crashed Near Yemen Border - All Dead

The shocking latest twist in what has been a chaotic weekend in Saudi Arabia is news that a helicopter transporting 8 high-ranking Saudi officials (including prince Mansour bin-Muqrin) has crashed in the south of the Kingdom, near the border with Yemen...

http://www.zerohedge.com/news/2017-11-0 ... ashed-all-

Where is Tin Foil Ted? This is USSR stuff.

I watch the markets every day. This is seriously intriguing stuff but i don’t expect it to have much if any noticeable effect on the stock market.

Wolfman wrote:All I know is my GE stock has been tanking. Should have sold it all a long time ago.

I had some GE stock until about six months ago. Watched it go up to about 32 then down to 25. Dumped it and bought LCRX. That was a good move.

GE does pay a pretty good dividend though. It might be a good time to jump back in soon.

Are you guys making your own trades or just following along on what your broker is doing?

I don’t have the time or patience to make my own trades or to recommend things to a broker. We use a fee only advisor that gets a .25% fee each year plus 2.5% of any gains at year end minus trading expenses.

I consolidated various 401(K) and IRA accounts a few years ago with Schwab. Most of it is in ETFs using "Intelligent Portfolio", which is a managed account using "robo-advisor" technology. You can choose a conservative, moderate or aggressive portfolio based on your personal fortitude for risk vs reward and volatility, and the robo advisor takes care of the rest. It's done better so far than a managed account I used to have that used human brains. Very low cost too (no management fee) and it has automatic rebalancing to maintain your target allocations across fund types.

I put some aside to invest myself, mostly in ETF index funds of my own choice, but a very small percentage to play with in individual stocks. I also don't have time to do much research, so I'm not gambling with much of my savings. I've picked a few companies that I like and dumped some money into their stocks. My brother is a broker for Merrill Lynch, so he has some advice occasionally. He put me onto NVIDIA last year and LCRX (Lam Research) earlier this year, and both have done very well. My ratio of success stories to failures is probably three successes to two failures, and a couple of "meh" in there to boot.

Anybody tells you that they can beat the S&P 500 index on a regular basis is 99.9% for sure a liar.

Roach wrote:

Mikey wrote:
Anybody tells you that they can beat the S&P 500 index on a regular basis is 99.9% for sure a liar.

This. So save all the trouble, stress, and time. Just buy a sp500 index fund.

That's a valid strategery. But beating or not beating the S&P isn't the only valid metric. You may want a hedge against following the S&P down the drain when the market tanks (2008 anybody?), and this inevitably happens at some point. That's where asset allocation comes in. You choose some investments that tend to rise as the market falls, and vice versa, so maybe your portfolio doesn't gain as much in a rising market, but it also doesn't lose as much when it goes down.

I have ours at Edward Jones and it is similar to what Mikey is talking about. They got me 18% annualized in the last year, and it is doing quite well. I have some cash holdings that I have been buying some bare dirt real estate in Central Oregon, some tax foreclosures and have managed to make 30% on those over the last year. The broker and I talk about once a week, and the vice president of my bank and I usually get together at least twice a month to compare strategy.

A friend has about 5 million in index funds and has done quite well with those, he can pull 150K a year easy if he wants to, those index funds seem to work pretty good.

The shit going on with the Saudis will have zero effect on the US markets tomorrow.

I horde Krugerrands.

Three words: Lockheed Martin stock. Mine has skyrocketed in the past four years.

As for that prince dying in a helicopter crash, there are two things to bear in mind: Saudi princes are a dime a dozen and Saudi pilots are utter crap.

Back during Desert Storm we were co-located with a Saudi EMS outfit that had brand new Dauphins. The new birds had every Bell and whistle you could put in a 1990’s helicopter—auto hover, full avionics package, semi glass cockpit (for what was available for a foreign government purchased aircraft), new car smell. A haboob moved in during the afternoon and viz had dropped to about 100 feet and no ceiling from all the dust swirling about.

A day passed before the storm abated. When we woke up to a sunny day, there was a pair of brand new helicopters caught in the high tension power transmission lines that were a quarter mile away. They had simultaneously launched on a call and flew directly into the wires and had burned up in while tangled in the air. The birds got stuck in between two towers (bad technique in a wire environment) and shorted out the city’s electrical grid for two days. Needless to say, everyone onboard died.

That same storm saw another crash at an airport about 100 miles away. A Saudi C-130 got to its’ destination where the storm had already arrived, attempted to land, failed to see the runway environment, did a go-around, and did not elect to go to an area where the weather was good. Instead, they shot approach after approach into the same flight conditions into the same airport until they ran out of gas. Then they landed a mile short and exploded on impact.

Inshallah.

Islam and Saudi arrogance, brought about by the idea that money equates to skill, led to fatalism, where both crashes were the result of crews convinced of their superior abilities, only to discover that they weren’t up to the task. Then, when faced with a difficult problem, threw up their hands and said it was Allah’s will if they lived or died, therefore what is the use of trying something different.

This may indeed have been part of the purge of this past weekend, but it is just as likely it can be chalked up to plain old Saudi incompetence. It’s a guessing game as to which is larger, the oil reserves or the vast stupidity of a wealthy nation who cannot be taught to understand that money doesn’t buy everything.

Of the four 9/11 hijack pilots, only one was a Saudi. He was the one that was able to fly into the Pentagon at ground level. Just sayin'.

Oh boy. :doh: You’ve just invoked LTS. Say his name three times and he’ll magically appear.

I see the three big us markets all were up today. Must be that money managers don't really give a crap about Saudi princess.

If you've got money in equities, your anus is poised for a very good workout.

This is at least the third or fourth time you have predicted something that didn’t happen.

Excuse me if I don’t take your advice to worry.

Early Sunday morning I issued a -----> WATCH.

A tornado watch, if you will.
Hence the thread title.


Now I am issuing a tornado WARNING!

There has been a recent shift in insider trading and the Saudi upheaval tells me that it's about to turn CRAZY.



I am not your financial advisor -- unless you take me as such.

I'm just another guy on the internet, right?

You make your own call.


:wink:

I will, don’t worry.

If it gets too bad, I will run to the edge of the world and jump.

Softball Bat wrote:Early Sunday morning I issued a -----> WATCH.

A tornado watch, if you will.
Hence the thread title.


Now I am issuing a tornado WARNING!

There has been a recent shift in insider trading and the Saudi upheaval tells me that it's about to turn CRAZY.



I am not your financial advisor -- unless you take me as such.

I'm just another guy on the internet, right?

You make your own call.


:wink:

You predicted the complete collapse of our economic system when Obama was elected.

Still waiting for that...

Mikey, anyone should be able to see what has happened over the last 10 yrs.


Barry Soetoro took office and the national debt was $10,600,000,000,000.
It is now $20,470,000,000,000.

Simultaneously, the fed has kept interest rates at effectively zero the whole time.

Take a look at fed interest rate history -- https://www.thebalance.com/fed-funds-ra ... ws-3306135

rotf...


During the campaign, Don said that the markets were in a bubble.
He told the truth.

Now he keeps taking credit for the *RECORD HIGHS* !!!!
lol



The party always ends, Mikey.
Always.

It is now.






Anus prepared?

Yeah the market always falls back, but it also always comes back. You don’t want to miss the days it comes back as that is huge. For example the two largest % gains from the previous days close came in Oct of 08. Shortly after the huge losses.

I agree with Poptard. That's why I'm investing all my money in gold. Because Rush told me to, and Rush is ALWAYS right.

I think I'll take my Schwab statement and stuff it in my mattress.

Mikey wrote:I think I'll take my Schwab statement and stuff it in my mattress.

Why aren't you listening to Rush? Rush is rich, that means he knows what he's talking about.

Are cumsickles a good investment?

Sincerely,
shutyomouth

Screw_Michigan wrote:Why aren't you listening to Rush?

Absolutely. Rush is awesome. You should listen every day. Start with 2112.

Which came first for YYZ--the code for Pearson Airport or the song?

Softball Bat wrote:If you've got money in equities, your anus is poised for a very good workout.

Workout?

Anus?


Hellooooooo!!!!!!


Sincerely,