Yeah, Wall, those oil futures contract that expire sooner are more risky for sure. I wouldn't trust myself playing around with those, so I don't do it .. Good thing you steered people away from the USO on detox's thread. Been reading in the WSJ how retail investor just got screwed and didn't really understand what they were doing. USO has even been playing around with how their instrument is even priced these last few days. Just crazy stuff.
Oil always seems to disappoint just when we think it can't get any worse, but I look at Monday's action as a potential "tipping point." Just how much worse can the "delta" between supply and demand get ? As we start to re-open the economy (for better or worse), people start driving more (very slowly IMO), but I can't see demand ever getting worse than what the world just went through.. So, that's the demand side. On the supply side, let's hope S.A. and Russia among other can stick to supply side cuts. (Trump may have been firing a salvo to both of them w/ the "Presidential Put", too. Who knows, but let's hope that Monday was a tipping point for better times for crude.
Yeah, Wall, those oil futures contract that expire sooner are more risky for sure. I wouldn't trust myself playing around with those, so I don't do it .. Good thing you steered people away from the USO on detox's thread. Been reading in the WSJ how retail investor just got screwed and didn't really understand what they were doing. USO has even been playing around with how their instrument is even priced these last few days. Just crazy stuff.
Oil always seems to disappoint just when we think it can't get any worse, but I look at Monday's action as a potential "tipping point." Just how much worse can the "delta" between supply and demand get ? As we start to re-open the economy (for better or worse), people start driving more (very slowly IMO), but I can't see demand ever getting worse than what the world just went through.. So, that's the demand side. On the supply side, let's hope S.A. and Russia among other can stick to supply side cuts. (Trump may have been firing a salvo to both of them w/ the "Presidential Put", too. Who knows, but let's hope that Monday was a tipping point for better times for crude.
Regarding the hydroxychloroquine and Trump.. There was an MD about a month ago that spoke "very highly" of the combination of hydroxy + Z-pac in his experience at his hospital.. All people that were put on a respirator were able to recover is what I recall the MD saying.. There is so much confusion on the subject and too many questions to ascertain what is right/wrong. For example, how much to administer of each chemical, when did the doctor administer the drug combination, etc. Did the MD wait until patient conditions rapidly spun out of control, or was it administered earlier as a preventative measure to Chinese Virus victims. I get your point, though. Trump really should have a doctor talking about this subject, and in particular, this MD that had such good results in his application of the drugs would have been a nice start..
Regarding the hydroxychloroquine and Trump.. There was an MD about a month ago that spoke "very highly" of the combination of hydroxy + Z-pac in his experience at his hospital.. All people that were put on a respirator were able to recover is what I recall the MD saying.. There is so much confusion on the subject and too many questions to ascertain what is right/wrong. For example, how much to administer of each chemical, when did the doctor administer the drug combination, etc. Did the MD wait until patient conditions rapidly spun out of control, or was it administered earlier as a preventative measure to Chinese Virus victims. I get your point, though. Trump really should have a doctor talking about this subject, and in particular, this MD that had such good results in his application of the drugs would have been a nice start..
So, Trump just announced that he may extend social distancing to early summer.. Frankly, I can't see how it ends "that soon." Won't we need a vaccine before we go back to business as usual ? Personally, I think the business of wearing masks + social distancing is here to stay for the foreseeable future until a breakthrough is achieved. The masks even became mandatory here in my County a few weeks ago... I can't see how this announcement by Trump will be a surprise to the Markets tomorrow, but we shall see..
So, Trump just announced that he may extend social distancing to early summer.. Frankly, I can't see how it ends "that soon." Won't we need a vaccine before we go back to business as usual ? Personally, I think the business of wearing masks + social distancing is here to stay for the foreseeable future until a breakthrough is achieved. The masks even became mandatory here in my County a few weeks ago... I can't see how this announcement by Trump will be a surprise to the Markets tomorrow, but we shall see..
Trump is a bad liar. He claimed to not even know the name of the scientist (Rick Bright) that he had fired over the HCQ controversy. If he was telling the truth, Trump was basically saying he has no idea whom the people are at the very top of our fight against this virus. That doesn't seem logical. The more believable situation is that Bright spoke out against the use of HCQ and was fired for it.
All in all, no one knows for sure what is 100% working or not working, but for Trump to ignore that 33% of HCQ patients ended up dead in a trial is typical of him. He needs to let the doctors handle the patients and stay out of it, but that's just not his style. He wants everyone to believe he is smarter than the scientists.
Gamble for entertainment, invest for wealth!
Trump is a bad liar. He claimed to not even know the name of the scientist (Rick Bright) that he had fired over the HCQ controversy. If he was telling the truth, Trump was basically saying he has no idea whom the people are at the very top of our fight against this virus. That doesn't seem logical. The more believable situation is that Bright spoke out against the use of HCQ and was fired for it.
All in all, no one knows for sure what is 100% working or not working, but for Trump to ignore that 33% of HCQ patients ended up dead in a trial is typical of him. He needs to let the doctors handle the patients and stay out of it, but that's just not his style. He wants everyone to believe he is smarter than the scientists.
Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser.
He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him.
And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being.
Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser.
He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him.
And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being.
My initial reaction upon hearing what Trump said today (injecting disinfectants and inserting UV radiation lights INSIDE of the body) was that he was simply making a joke.
Then I watched the clip.
Wall. I have to agree with you that the man has gone senile. There is absolutely no chance that a sane, rational person would put those thoughts together and voice them to the world. Trump has become an embarrassment.
It's beyond sad to think that we are depending on him to lead us through this crisis.
His comments today were indefensible.
Gamble for entertainment, invest for wealth!
My initial reaction upon hearing what Trump said today (injecting disinfectants and inserting UV radiation lights INSIDE of the body) was that he was simply making a joke.
Then I watched the clip.
Wall. I have to agree with you that the man has gone senile. There is absolutely no chance that a sane, rational person would put those thoughts together and voice them to the world. Trump has become an embarrassment.
It's beyond sad to think that we are depending on him to lead us through this crisis.
Quote Originally Posted by wallstreetcappers: Shocking news flash came across....banks getting sued for putting their big clients first on this loan scam thing and shutting out the little guy. JP, BofA, Wells, USBank etc... Who would have thought that the cheaters who make more vig off larger loans would do the wrong thing? That's just so frustrating to hear . And The senate just passed another $484B for small business and hospital funding. Let's hope this time Congress is smart enough to exclude any publicly traded company to these funds. They've already got so many avenues for raising money. Let's focus on mom and pop business like it was intended. We are passing out money like it's candy. Have we hit $30T in debt yet ?
Props to the Treasury department for doing the right thing, and demanding big public companies AND Harvard, for returning the people's money to where it was intended.... small business owners.
Quote Originally Posted by Rush51:
Quote Originally Posted by wallstreetcappers: Shocking news flash came across....banks getting sued for putting their big clients first on this loan scam thing and shutting out the little guy. JP, BofA, Wells, USBank etc... Who would have thought that the cheaters who make more vig off larger loans would do the wrong thing? That's just so frustrating to hear . And The senate just passed another $484B for small business and hospital funding. Let's hope this time Congress is smart enough to exclude any publicly traded company to these funds. They've already got so many avenues for raising money. Let's focus on mom and pop business like it was intended. We are passing out money like it's candy. Have we hit $30T in debt yet ?
Props to the Treasury department for doing the right thing, and demanding big public companies AND Harvard, for returning the people's money to where it was intended.... small business owners.
If today's action holds up, things really seemed to have calmed down in the markets for the last couple of weeks. VIX continues to tumble, and the markets have really traded sideways for the last couple of weeks. One month ago, stocks started to rocket higher from their March-bottom for a couple of weeks, good for a rebound capturing 50% of our losses. Since then, as mentioned above, mostly a sideways movement. What is the next catalyst higher/lower ??
If today's action holds up, things really seemed to have calmed down in the markets for the last couple of weeks. VIX continues to tumble, and the markets have really traded sideways for the last couple of weeks. One month ago, stocks started to rocket higher from their March-bottom for a couple of weeks, good for a rebound capturing 50% of our losses. Since then, as mentioned above, mostly a sideways movement. What is the next catalyst higher/lower ??
Quote Originally Posted by Rush51: Quote Originally Posted by wallstreetcappers: Shocking news flash came across....banks getting sued for putting their big clients first on this loan scam thing and shutting out the little guy. JP, BofA, Wells, USBank etc... Who would have thought that the cheaters who make more vig off larger loans would do the wrong thing? That's just so frustrating to hear . And The senate just passed another $484B for small business and hospital funding. Let's hope this time Congress is smart enough to exclude any publicly traded company to these funds. They've already got so many avenues for raising money. Let's focus on mom and pop business like it was intended. We are passing out money like it's candy. Have we hit $30T in debt yet ? Props to the Treasury department for doing the right thing, and demanding big public companies AND Harvard, for returning the people's money to where it was intended.... small business owners.
That is only because of the outrage...that CNBC guy outed public corps who were hitting the program and once that was public and people were ticked off only THEN did those morons take action.
I made the comment a while back that why the crap do we allow a company who has access to the debt markets and has bought back stock be allowed to hit up the government for money? At a MINIMUM any corp who has bought back shares in the last TEN years should float back what they bought BEFORE engaging with the government...thats just the bare bones what we should require. Then slap the cuffs on what a corp can do for another TEN years after these funds are repaid, no buybacks or dividend increases, freeze on board/exec compensation.
Make these slime ball corps have to think about this before just grabbing the cash.
Quote Originally Posted by Rush51:
Quote Originally Posted by Rush51: Quote Originally Posted by wallstreetcappers: Shocking news flash came across....banks getting sued for putting their big clients first on this loan scam thing and shutting out the little guy. JP, BofA, Wells, USBank etc... Who would have thought that the cheaters who make more vig off larger loans would do the wrong thing? That's just so frustrating to hear . And The senate just passed another $484B for small business and hospital funding. Let's hope this time Congress is smart enough to exclude any publicly traded company to these funds. They've already got so many avenues for raising money. Let's focus on mom and pop business like it was intended. We are passing out money like it's candy. Have we hit $30T in debt yet ? Props to the Treasury department for doing the right thing, and demanding big public companies AND Harvard, for returning the people's money to where it was intended.... small business owners.
That is only because of the outrage...that CNBC guy outed public corps who were hitting the program and once that was public and people were ticked off only THEN did those morons take action.
I made the comment a while back that why the crap do we allow a company who has access to the debt markets and has bought back stock be allowed to hit up the government for money? At a MINIMUM any corp who has bought back shares in the last TEN years should float back what they bought BEFORE engaging with the government...thats just the bare bones what we should require. Then slap the cuffs on what a corp can do for another TEN years after these funds are repaid, no buybacks or dividend increases, freeze on board/exec compensation.
Make these slime ball corps have to think about this before just grabbing the cash.
Boeing is still continuing to bleed lower. -15% just this week on an otherwise muted market . I'm not sure I'll ever jump in on this stock, talking myself out of it earlier this week.. Just too risky with their cash flow problems, airlines are cancelling order, no visibility on when people start to fly again, and the 737 MAX debacle..
MUGG, haven't heard from you in awhile. Is there a price you'd jump in here..
Boeing is still continuing to bleed lower. -15% just this week on an otherwise muted market . I'm not sure I'll ever jump in on this stock, talking myself out of it earlier this week.. Just too risky with their cash flow problems, airlines are cancelling order, no visibility on when people start to fly again, and the 737 MAX debacle..
MUGG, haven't heard from you in awhile. Is there a price you'd jump in here..
If today's action holds up, things really seemed to have calmed down in the markets for the last couple of weeks. VIX continues to tumble, and the markets have really traded sideways for the last couple of weeks. One month ago, stocks started to rocket higher from their March-bottom for a couple of weeks, good for a rebound capturing 50% of our losses. Since then, as mentioned above, mostly a sideways movement. What is the next catalyst higher/lower ??
Lower I believe. S&P 500 is up 26% from their March low albeit still down almost 15% from their all time high. Still believe there will be another dip in the market but what do I know LOL.
I thought I read somewhere that the market is sitting (now) near all time high or at the level of late summer of 2019 when the economy was robust and corporate profitability was high.
Quote Originally Posted by Rush51:
If today's action holds up, things really seemed to have calmed down in the markets for the last couple of weeks. VIX continues to tumble, and the markets have really traded sideways for the last couple of weeks. One month ago, stocks started to rocket higher from their March-bottom for a couple of weeks, good for a rebound capturing 50% of our losses. Since then, as mentioned above, mostly a sideways movement. What is the next catalyst higher/lower ??
Lower I believe. S&P 500 is up 26% from their March low albeit still down almost 15% from their all time high. Still believe there will be another dip in the market but what do I know LOL.
I thought I read somewhere that the market is sitting (now) near all time high or at the level of late summer of 2019 when the economy was robust and corporate profitability was high.
Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser. He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him. And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being.
And the worst part is he's the favorite to get re-elected for another 4 years. Is that possible?? My book has him at -160 to win the presidential election versus Joe Biden at +110 to win.
Quote Originally Posted by wallstreetcappers:
Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser. He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him. And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being.
And the worst part is he's the favorite to get re-elected for another 4 years. Is that possible?? My book has him at -160 to win the presidential election versus Joe Biden at +110 to win.
Quote Originally Posted by wallstreetcappers: Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser. He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him. And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being. And the worst part is he's the favorite to get re-elected for another 4 years. Is that possible?? My book has him at -160 to win the presidential election versus Joe Biden at +110 to win.
Not only possible but a given. Biden doesn't even know his own name. Democrats don't have a candidate that can beat Trump.
Quote Originally Posted by mjm1012:
Quote Originally Posted by wallstreetcappers: Irregardless of what the dosage or the person or whatever, Trump has ZERO respect for his office and leadership by going on the television viewed by MILLIONS and saying what he did. Its moronic, its toxic and I think it is criminal. When you hold a position of responsibility you have to think of the impact your statements and actions will have and he has NO clue about how to lead. I am disgusted every time I have to watch even a few seconds of him..he is an atrocious loser. He wants to take credit and be in the spotlight and screw it that he has no legal or medical reason to say what he does..if he gets some attention he will do anything to keep the attention on him. And shame the hell on this country for voting such a moron into office and shame on us for putting up with his abuses for FOUR FREAKING YEARS. We deserve better than this, he is a horrible person and this country needs better than he is capable of being. And the worst part is he's the favorite to get re-elected for another 4 years. Is that possible?? My book has him at -160 to win the presidential election versus Joe Biden at +110 to win.
Not only possible but a given. Biden doesn't even know his own name. Democrats don't have a candidate that can beat Trump.
I'm an independent with a Republican lean but this presidential matchup is an embarrassment for democrats. They have had 4 years to get their shit together but remain an unorganized mess. I wouldn't be surprised if this ends up as democratic mutiny towards Biden in the end.
Gamble for entertainment, invest for wealth!
I'm an independent with a Republican lean but this presidential matchup is an embarrassment for democrats. They have had 4 years to get their shit together but remain an unorganized mess. I wouldn't be surprised if this ends up as democratic mutiny towards Biden in the end.
mjm 1012 - Wharton School of Business you need at least 153 IQ to get in. Typical Democrat brown noser that knows nothing about nothing. TRUMP is in the Gambling Hall of Fame - Go ahead & bet on Biden
mjm 1012 - Wharton School of Business you need at least 153 IQ to get in. Typical Democrat brown noser that knows nothing about nothing. TRUMP is in the Gambling Hall of Fame - Go ahead & bet on Biden
It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows.
I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought.
Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
Gamble for entertainment, invest for wealth!
It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows.
I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought.
Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
Hi guys and gals, I understand everyone having issues of confusion regarding the market. Me included. I think you just have to make a play when you see something. On that note I purchased 1,000 shares of MGM this morning @ 15.01 . I really couldn't find a reason not to put that money to work. That 15 grand I will need before the fall of 2023. I have a master plan for that fall. Stay safe and be kind.
Hi guys and gals, I understand everyone having issues of confusion regarding the market. Me included. I think you just have to make a play when you see something. On that note I purchased 1,000 shares of MGM this morning @ 15.01 . I really couldn't find a reason not to put that money to work. That 15 grand I will need before the fall of 2023. I have a master plan for that fall. Stay safe and be kind.
Hope you do well on that one, Johnny_odae.. You do have a nice time horizon on needing the money, so hopefully you can make a tidy profit, but just expect ALOT of rollercoaster activity in a stock like that. I would say only the airlines and cruiseships have a more complicated standing in our current environment, but casino stocks are gonna be up and down on big movements for the foreseeable future.. I would think the casinos are going to have to take out a lot of slot machines , and limit table play to maybe 3 people on a 21 table, and 4 people on a craps table, etc. Hell , I'm just guessing, but social distancing ain't going away anytime soon, regardless of how soon the casinos open.
Hope you do well on that one, Johnny_odae.. You do have a nice time horizon on needing the money, so hopefully you can make a tidy profit, but just expect ALOT of rollercoaster activity in a stock like that. I would say only the airlines and cruiseships have a more complicated standing in our current environment, but casino stocks are gonna be up and down on big movements for the foreseeable future.. I would think the casinos are going to have to take out a lot of slot machines , and limit table play to maybe 3 people on a 21 table, and 4 people on a craps table, etc. Hell , I'm just guessing, but social distancing ain't going away anytime soon, regardless of how soon the casinos open.
Of course, decisions like this would decrease revenue and profit for casino stocks like MGM, but the stock price is 1/2 of what is was two months ago, so investors seem to be acknowledging the limited revenue potential for the foreseeable future..
Of course, decisions like this would decrease revenue and profit for casino stocks like MGM, but the stock price is 1/2 of what is was two months ago, so investors seem to be acknowledging the limited revenue potential for the foreseeable future..
Gamble, we've returned to the days of Jan & Feb when the markets kept going up for no reason. Lol. The markets now again seem to be going up on no information that is particularly noteworthy. Just a lot of "complacency" and "unlimited optimism" in the market . The VIX is crashing down again , too, reflecting this complacency. Investors just seem to think that the "re-opening" of the economy is going to be a V-shaped recovery. I just don't see it. It's just hard to fathom it being that easy. I mentioned in another thread how 26 million people have become unemployed in a 5-week period. The worse 5-week stretch before this was... 3 million !! in 2009. We have now lost ALL of the jobs that were created since the 2009 financial crisis. That is mind boggling. Too many people out of work & risks of infection as we begin to re-open the economy for the market to be where it is today... The FED PUT may have saved the financial system in March, but there is nothing holding it up from re-testing these lows.
Gamble, we've returned to the days of Jan & Feb when the markets kept going up for no reason. Lol. The markets now again seem to be going up on no information that is particularly noteworthy. Just a lot of "complacency" and "unlimited optimism" in the market . The VIX is crashing down again , too, reflecting this complacency. Investors just seem to think that the "re-opening" of the economy is going to be a V-shaped recovery. I just don't see it. It's just hard to fathom it being that easy. I mentioned in another thread how 26 million people have become unemployed in a 5-week period. The worse 5-week stretch before this was... 3 million !! in 2009. We have now lost ALL of the jobs that were created since the 2009 financial crisis. That is mind boggling. Too many people out of work & risks of infection as we begin to re-open the economy for the market to be where it is today... The FED PUT may have saved the financial system in March, but there is nothing holding it up from re-testing these lows.
It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows. I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought. Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
Agree. Did not see this bounce back or recovery this quickly (V-shaped).
Quote Originally Posted by gambleholic63:
It's crazy for the markets to keep going up. We are no where close to a cure or a vaccine yet the markets want to move higher? Of course, I thought the same thing 2 weeks ago when the recovery had bounced a full 20% off the March lows. I would have expected that this short squeeze would have ended weeks ago, but it's clear I have a much looser grasp of what's going on in our markets than I thought. Simply put, these are the most unpredictable markets I have seen in my lifetime. I have no idea what's going to happen in the short run.
Agree. Did not see this bounce back or recovery this quickly (V-shaped).
Oil continues to be on its own "circus sideshow." There is no rationale reason why the stock market should have this optimism in the re-opening of the economy, and yet oil continues to suffer. A rationale response IMHO with a gradual re-opening of the economy would be an increased demand in the need for oil/fuel from consumers. More people on the road, etc. This should all start to "stabilize" oil prices (as long as supply holds it ground). Like I say, the stock market is reflecting optimism, why not oil ? I get the impression there are "oil vigilantes" out there that are shorting the oil market (USO) in these short duration monthly contracts, and are trying to crush the retail investor (again). The retail investor got smoked last week in the USO. I wouldn't be surprised to see it happen again this month and have oil go "negative." BIG Oil is really "looking through" this short term action in the oil markets.. Both CVX and XOM closed nearly where they started on the day..
Oil continues to be on its own "circus sideshow." There is no rationale reason why the stock market should have this optimism in the re-opening of the economy, and yet oil continues to suffer. A rationale response IMHO with a gradual re-opening of the economy would be an increased demand in the need for oil/fuel from consumers. More people on the road, etc. This should all start to "stabilize" oil prices (as long as supply holds it ground). Like I say, the stock market is reflecting optimism, why not oil ? I get the impression there are "oil vigilantes" out there that are shorting the oil market (USO) in these short duration monthly contracts, and are trying to crush the retail investor (again). The retail investor got smoked last week in the USO. I wouldn't be surprised to see it happen again this month and have oil go "negative." BIG Oil is really "looking through" this short term action in the oil markets.. Both CVX and XOM closed nearly where they started on the day..
. Is that possible?? My book has him at -160 to win the presidential election versus Joe Biden at +110 to win.
. Did not see this bounce back or recovery this quickly (V-shaped). 
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