Suggest Putting Oils On Your Radar

_eug_ said:
Has anyone actually taken a flight recently? I took a domestic flight in Asia and all the seats were sold out. A family member flew Canada to Dominican Republic and flight was full as well. Maybe the media is blowing things out of proportion.
More...


That's what the media does! Is mass hysteria for absolutely no reason. GDP across the globe will be coming down greatly in the next 6 months along with earnings. However wallstreet usually has tricks to underestimate earnings to the point that any tiny beat will result in huge upswing in stocks so I'm sure that trick will be used for this virus hype and then once the virus subsides in a few months wallstreet will be happy and jolly and everything will flourish once again like nothing ever happened.
 
_eug_ said:
Has anyone actually taken a flight recently? I took a domestic flight in Asia and all the seats were sold out. A family member flew Canada to Dominican Republic and flight was full as well. Maybe the media is blowing things out of proportion.
More...
Or maybe airlines are cramming fewer flights as it's unprofitable to fly empty planes?
 
Scataphagos said:
Getting pummeled.

I bought 1 Million shares of Citibank for $1.02 in the last market trashing. Might see something juicy like that in the oils this time around.

FWIW...
More...

The OIH (oil services ETF) is down at least 28% TODAY ALONE. Sheesh! (I say "at least" because I can't get a read on Stock Charts.. likely they are overwhelmed today...)

Suggest not being in too big a hurry to BTFD in oils.... Russia saying they can "sustain $25/bbl oil for 10 years". Would want to wait for some of that to be priced in.

Wouldn't it be great to see $.25/gal gasoline again?

:)
 
You must log in or register to reply here.
Back
Top