When oil goes to $10, will you buy it? Or, because the world will be a smoldering cauldron of impoverished pestilence, will you wait for lower prices? If I told you last year that oil would troll down to $26, you’d tell me to get the fuck out of here and to play with a box of jumping jacks in the middle of a train yard. Prevailing wisdom suggested it’d go back up–thanks to recency bias. You’ve been programmed to believe crude is supposed to be expensive–but history says otherwise.
Oil always traded below $30 and only spiked after we attacked the shit out of Saddam Hussein, in order to seize his nuclear warheads and give away his mustard gas to Syria.
Cramer discussed oil this evening and schooled you rock-heads about the great oil collapse of 1986, a year that will go down as the single greatest year in the history of mankind–a year in which the NY Mets humiliated the Boston Redsox and won the World Series.
Cramer posits, oil can go to $10–because people are fucking morons and don’t realize $10 in 1986 dollars is $22 today.
You’re all doomed.
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My shoe shine boy just told me to short oil.
We must get our shoes shined at the same place. My guy said the same thing.
“crude to 10”
“s&p to 1600”
“30yr to 2.30%”
sounds like at least a short term bottom.
Mets and Red Sox, did you have to bring that up?
1986 was one bad ass rock and roll bull market
I was in Houston in 1986 when they played the Mets in a 16 game NLCS finale
That year unemployment in the city hit 12%, office parks were abandoned and occupied by squatters. Homeless galore, packs of stray dogs roamed areas of central Houston and ate my cat one night.
As long as bank failures, foreclosures, unemployment do not spike outside of ND, TX, LA, OK all will be well
Fading Cramer is often a great move, but I still think it’s a bit early.
Well, here’s something to cheer everyone up, articles on everyone’s favorite topic: Trump and his effects on politics. I know most people only read stuff from one side of the political spectrum nowadays, because they are sure that the other side is wrong, stupid, evil, corrupt and trying to destroy America. So, okay, I have one from each side.
Right of Center article:
http://theweek.com/articles/599577/how-obscure-adviser-pat-buchanan-predicted-wild-trump-campaign-1996
Left of Center article:
http://www.rollingstone.com/politics/news/david-brooks-proposes-a-kinder-gentler-republican-party-20160121
You know things are bad when Fly is posting Cramer videos.
Showtime said once they / saudi didn’t rebound it out of 50s / upper 40s it meant logically they didn’t care, were prepared for that level, or something bigger and more complicated. I voted for bigger and more complicated…
That was early to mid 2015 by the way… Showtime analysis gaining gravitas… by the way…
1986 was ballin. The Doji was patrolling the deep blue seas sleeping next to 10 Megaton warheads, just begging for an excuse to let the birds free. Free them I said, Free Them!! #MakeEmPay! Now today, we have a bestiality market, swooning over the best thing that ever happened…cheap oil and gas. This is 0bamaworld, where cheap oil is poison and the favored energy is government subsidized solar wanking and wind turbines that operate at 10% capacity on average. I agree, you all are fucked chickens.
1986 – Trident – Springsteen – Joe Montana