Full disclosure: I went back to sleep after bearing witness to the raping of my oil stocks.
Talk about throwing the baby out with the bath water. Down a hard 10 in SLCA, fucking 20%, due to the collapse in oil? You know what, words cannot express the sheer fuckness of what just transpired, so I’ll just post a screen shot of what happened.
So this is the end of oil production in the United States, yes? All of you fuckheads should sell the remainder of your oil stocks and barrel into WFM, with reckless abandon.
I was also amused that my BALT got its brains shot out, which is odd since THEY DON’T HAVE ANYTHING TO DO WITH THE FUCKING OIL TRADE. Those lads deliver steel, grains and slaves, totally insulated from the soon-to-be bankrupt folks in the Bakken.
You shmucks thought you were energy independent, drilling away like fucking imbeciles, in the shale rocks, at a cost of $70 per barrel. Now you have those rocks in your head and the House of Saud pisses on your shaley graves.
In other news, GPRO was down a smidge. Overall, I lost 1.7% today and I don’t even have a lot of money in fucking oil stocks, mainly thanks to the pin action in SLCA, DVN, CHK, COP and BALT.
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It’s almost surreal, I’m just sort of sitting here, not believing it, watching a 10% draw down, humming to myself.
frickin’ crazy!! iwas up about 1.5% MTD at Wed close, now up 4% MTD. I’ll take it but the whipsawing is nuts.
Anyone ever witness a one day 11% selloff in oil like this. Seems overdone by a smidgen… Lol
Want to buy the blood but fuck the oil futures won’t stop crashing.
Just curious being that you guys have been in the game a lot longer than most of us.
I have a small energy allocation but got raped today. I am holding Christmas garage sales, auctioning off the wife all in efforts to raise cash to buy the blood.
This is why people hate stocks. BALT is my only holding at this point, but it might be a better candidate for blood-buying since its move is “incorrect”.
Fly thank you for the earlier virulent anti-gold posts. My JDST did just fine today.
Fly, Does this affect BABA or GPRO towards XMAS?
good thing i’m in tqqq. made good $ today
BALT is the worst company in the world
Got back in UVXY today after getting out last time around $30. This time I will listen to Fly and not hold on after the pop.
It’s official, markets will never pull back this year. Black Friday sales will be epic. Santa Clause Rally On Deck beginning with a big gap up!! Ho Ho Ho 🙂
one of those wild days. energy, solar and metals in the crapper. CLR drops another 20% and breaks 40. hilarious.
OPEC looking to bust a lot of nuts in the US. Good luck to anyone attempting to catch a falling knife.
The market marches onward to new highs, but every iBankcoin blogger has taken major battle wounds now.
I will remind everyone. Dow was -17 and drifting with 20sec left. Intervention-manipulation moved 18dow in final 20sec
Market is not marching to new highs. It is being moved. (that scenarioX100 my observations)
Say what you “will” but just too many logical holes in this puppy (i said holes)
Oil down. Metals down. Commodities in the toilet. Where will all this deflationary pressure lead?
Lots of consumer buying in the short run. Airlines and travel.
But the fucking interest rates will have no reason to go up, which, as a beginning pensioner, pisses me off.
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