Search results

This is the reason why I left IB. Suffocating.

Just unbelievable. Who woulda thunk this could ever happen?

How about 2700?

Renewables like solar and wind are all going bust.

It's hard enough to trade your own account. Who has the time to worry about others? ;)

A lot of oil/shale producers and its ancillary distributors will go bust. Frankly, that ain't so good for the stock market. I expect the S&P to sell off big in the coming days.

Nobody is. We're all just peanuts here. ;)

The May contract expires today. I think the low coincided with the settlement time.

I bet that will happen either tomorrow or the next day. What would happen to USO???

It's still going ... took a big dive in the last 5 minutes ... $3 plunge! Shit, June contract is going below 0 by tomorrow. It sure looks that way. BTW CL has no limit.

Should reverse here IMO. Also lunch break rallies don't count. :)

Not sure I understood your question, but USO will keep rolling over every month in tandem with the crude futures. You will end up paying for the rollover, though. However, you can bail out of your position anytime, just like a stock. As for USO going belly up, nobody knows. If June contract...

FYI USO is not suspending the entire operation, but stopped selling new shares.

We're heading down to 2640, which happens to coincide with 38.2%. If not by today, surely by tomorrow.

Man, you need to be ahead of the curve. :banghead: Also look at CL today. It fell off the cliff. Didn't I say yesterday that the selloff would "roll over" from May into June?

No, only CL, RBOB and HO are subject to negative pricing. From CME: If WTI Crude Oil futures prices settle, in any month, to a price between $8.00/bbl and $11.00/bbl, CME Clearing MAY switch its pricing and margining options models from the existing models to the Bachelier model, currently...

But last time I checked, those with underlying issues are more susceptible to dying from the Coronavirus. If so.............OMG, he really bit the dust. Sing Hallelujah!

For some reason, I keep harking back to the Nasdaq bubble, circa 2000. If that's any indication, then we should dive to 2450. Then we should rally back up to 2900 before descending again in earnest.

Uhmm, that's right, those who listen to a clown should be defecated on. :sneaky: :banghead:

I think I beat you by at least 3 months on the stagnation front (eg. Japan, version 2). But seriously, you need to be cognizant of Fed's "QE Infiniti". Don't be so naive as to think they only have money printing press at their disposal. Oh, trust me, they have a lot more tricks up their sleeves...