Anonymous wrote:Anonymous wrote:So today is the dip?
Dip is not an one-day event in most cases
Anonymous wrote:So today is the dip?
Anonymous wrote:So today is the dip?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:When oil price goes up it's very hard to bring it down. Even when things go back to normal don't expect the lower prices we have been seeing. The players in this business are extremely greedy. This will worsen inflation if you add the effects of tariffs which are still to come.
I hate being gloomy. I am a very optimistic person and I want to stay this way. But I don't want to be delusional either.
People also need to understand that the policy choice of this administration was to supercharge the economy in the short term while ignoring debt. Unfortunately the economy failed to take off like a rocket engine. Yes it probably took of like a Toyota Supra perhaps. In my opinion this is the most catastrophic scenario. We did everything to supercharge and juice up the economy. We took off all guardrails, regulations you name it. And what do we have to show for? If this is the best the economy can give us under this juice up stimulus we are royalty f**d
Oil prices are INCREDIBLY volatile! They go up/down all the time so you lost me at the first sentence.
PP here. You are correct. I should have framed it better. Basically what I wanted to say was that OPEC will be incentivized to keep prices high by not increasing output as much as Asia and Europe may need once the conflict is over. And China has about 12 months of reserves but India has only 2 months.
The US is a net exporter of oil and natural gas. There are also plenty of fields that could be brought online semi quickly if prices were to rises. Currently they just aren't needed and companies don't want to pay to drill them until prices are higher.
Anonymous wrote:Anonymous wrote:DOW future down almost 600 pts already. Get your funds ready!
LOL…did you panic like this when there were big down days under Biden and Obama?
Anonymous wrote:DOW future down almost 600 pts already. Get your funds ready!
Anonymous wrote:Anonymous wrote:Anonymous wrote:When oil price goes up it's very hard to bring it down. Even when things go back to normal don't expect the lower prices we have been seeing. The players in this business are extremely greedy. This will worsen inflation if you add the effects of tariffs which are still to come.
I hate being gloomy. I am a very optimistic person and I want to stay this way. But I don't want to be delusional either.
People also need to understand that the policy choice of this administration was to supercharge the economy in the short term while ignoring debt. Unfortunately the economy failed to take off like a rocket engine. Yes it probably took of like a Toyota Supra perhaps. In my opinion this is the most catastrophic scenario. We did everything to supercharge and juice up the economy. We took off all guardrails, regulations you name it. And what do we have to show for? If this is the best the economy can give us under this juice up stimulus we are royalty f**d
Oil prices are INCREDIBLY volatile! They go up/down all the time so you lost me at the first sentence.
PP here. You are correct. I should have framed it better. Basically what I wanted to say was that OPEC will be incentivized to keep prices high by not increasing output as much as Asia and Europe may need once the conflict is over. And China has about 12 months of reserves but India has only 2 months.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are down 2%.
The GFC saw drops of 7%. Wake me up when we drop 5%
20-30% really - this is just noise right now
We can’t even drop 30% in a day right?
U.S. market-wide circuit breakers can trigger at different levels, specifically at declines of 7% (Level 1), 13% (Level 2), and 20% (Level 3) in the S&P 500 Index:
Trading Halt Durations:
Level 1 and Level 2: If triggered before 3:25 p.m. ET, trading is halted for 15 minutes. If triggered at or after this time, trading will continue without a halt.
Level 3: This level halts trading for the remainder of the trading day, regardless of the time it is triggered.
Of course, but yes this did happen frequently during COVID & 2008. If people are panicking after just a couple down days, they are in the wrong asset classes.
No they did not. Circuit breakers tripped once in 1997 from AFC. And then 4 times in March 2020. And none were 20% ever.
I never said 20% in one day, but we had far greater than 20-30% draw downs. Not sure why you are focused on one day. It's not like 1 or 2 -2% days signify anything other than noise.