Sounds about right.
Thoughts on this oil price war? I think regardless of who precipitated this (Russia, Saudis, or both), it's not to really to undercut one another ultimately. It's to deliver a huge blow to the US shale market. As shale is more expensive to produce than traditional oil, shale prices can't compete with that 20% cut. This will no doubt crush those US companies involved in shale production.
Sounds about right.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
If I were in the CIA and I were to wager, I'd put money on the Russian oligarchs. They clearly have an incentive to blow the US (and Canadian) Shale Oil companies up into bankrupt little piles of rubbish. That way, they can drop the price of oil for a short period, blow all these western companies away, and then, when shale oil is no longer being produced, can suddenly jack the price back up and make a killing.
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Airlines cutting flights.
Delta announced 20-25% internationally and 10-15% domestically
https://www.barrons.com/articles/del...ty-51583845647
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It's interesting that bond yields are rallying (F fund falling) yet the stock is not holding up. Interesting in a concerning way...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
AGREE ... my concern too. WAZZUP With THAT? TSP I'm 26% F & the rest in G, and some Bond and Precious Metal ETFs on the side... pretty much taking some pounding in those the last couple days even when there are big drops in equity funds. Somebody gotta be putting their money somewhere (the banks?). Hmmmmm.....
Hummm… maybe they're putting it under their mattress!!!
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Yikes...Selling is continuing to accelerate and the 50 day will soon be crossing down under the 200 day.
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It’s really getting ugly.
Stocks - Dow futures as of 11:00 pm- down over -4.3%.
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