This back and forth makes for a great spectator sport, shitty investable markets.
Futures are higher; cocaine parties are breaking out across Wall St. In about 1 hour from now, assholes will come into the market and sell everything, scaring the shit out of stoned out stock traders, causing fuckery on a mass scale. After we flush out, shorts will cover, sober buyers will step in, then we will trade up again.
At around 3:15pm, more news out from the ass of Europe will hit the tape, forcing everyone to rethink the very meaning of life. Shorts and sober buyers alike will sell in sync and the coked out buyers will try to catch the falling knife. The market might end little changed for the day; but the damage would’ve been done, unless of course you don’t give a shit about daily price fluctuations and played bridge all day long with your blue haired grandmother.
PFE paid a shit load of money for HSP and GPRE easily beat numbers, which bodes well for PEIX. To think that ethanol traded down in tandem with oil, when in fact it is a fucking corn based product, makes my head want to explode.
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FIG?
Without question. Just read this post aloud to a colleague…
I would kill to hear this piece read as the daily summary on the evening newscast ‘business’ reports. Am so sick of the nonsense narratives they spout
Ethanol traded lower with oil because the demand for ethanol decreases as oil prices decreases… but yes, agree it should be insulated if the oil sell-off turns out to be a blip
How does demand for ethanol decrease when the drop in oil results in more miles driven?
With cheaper gas they mix in lower % ethanol.
They do not! 10% across the board.
If anything, you’d think ethanol would trade up. Demand/consumption should rise at a lower price point.
Nevermind. Fly already said that.
I’ll stfu now.
This is a first class post from Senor Tropicana.
FEYE blossoming
one hour hence and no ass-hattery
These machines and hair trigger traders and penny scalpers make me want to throw up.I am transitioning to biotech which trades in it’s own world to some extent.Pursuing ICPT right now and love JUNO and ACAD.
I’ve read this post too many times now and I laugh every time. Coworkers are starting to look at me funny.