There will be a stock market collapse and recession within a year. Just like in 2008. Devon is not positioned well to weather the storm. Get out of this sinking ship now while companies are still hiring. Move to something more stable. Such pathetic, useless management who don’t know anything. All they care about is looking at a formula and feeding employees the same c-ap that we are the best among our peer group and our stock price should be $50 based on our multiplier and shares outstanding. Well guess what? Money is flowing out of oil and only going to the best companies. Devon is not worth the investment for institutions, hedge funds, and even the individual investor. No one cares about this and we will fade into the abyss. Wake up, sheep. “What you allow us what will continue.”
5 replies (most recent on top)
The two main reasons for an inverted yield curve—low or negative interest rates and a huge demand for safe assets—have nothing to do with the direction of the U.S. economy. Indeed, the economy continues to grow strongly, albeit at slower rates than from 2016 to 2018.
The U.S. economy is actually doing just fine and, if left to its own devices, will continue to outperform the rest of the world despite the threat of trade wars and other maladies. The one note of caution, however, is that the FOMC is truly lost when it comes to forming monetary policy and the narrative the markets desperately need in order to make decisions about investments and risk. Were it possible to address the members of the FOMC, the message would be: “stand down, do nothing.” The economy will thank you.
To the first two comments: your short-sightedness is unbelievable. You think that since your 401K is up so much this year that there won’t end a recession? You think that because we live in the USA we are somehow not headed into the same type of situation as 2008? I’m sure you two are the type of people who lose 55% of your 401K in recessions just to earn it back over the course of 3-4 years. Have fun with that. The warnings are all there and you don’t have to look very hard to realize this market is headed down within a year.
Over 1 trillion corporate debt is negative yielding. NEGATIVE YIELDING. That’s insanity. Yield curve has inverted which so far is historically 100% accurate recession indicator. Stocks are at one of the highest valuations since 2008. Longest bull market run in history will come to an end. Debt has spiked enormously. There is a bond bubble and a debt bubble that will make this all worse. Why do you think the federal reserve keeps cutting rates? They’re trying to postpone all of this until after the Trump election. Cutting rates makes the issue worse but saves the recession in the short term.
My 401k is up 25% year to date. That's in spite of all the noise that's been put out there for a long time, i.e. trade deals, recession, collusion delusion and more. Naturally, I have zero Devon stock in my portfolio. Current headline from "The Street"....Dow higher as Wall Street gets boost from gain in oil prices.
Stock market crash and recession...LOL!
I agree that the sky is falling at Devon, but not for the USA.
The right thing to do and the hard thing to do are one in the same. The current leader of the USA is doing both.