It’s a classic defensive play: buy boring utilities when the world burns. I’ve seen this play out a thousand times.
Gold has been behaving well too. But I don’t trust the people who trade gold. There’s much less risk in the utes.
Here are some visualizations of what’s working today, aside from crude which is soaring now–based on greater than expected crude inventory levels. The fuck?
Over in Europe, the refugee lovers in Germant are getting their sausages chopped off again. For the year, the DAX is off nearly 11%.
Dollar is getting crushed. Soon the Ark will be floating in a sea of negative interest rates.
Exactly …… “the fuck ……”
Demeter is unhappy, Persephone is, so far, clueless but guaranteed she eats those pomegranate seeds. Zeus can only take so much grief….
what do you do if you’re holding an average sized amount of AT&T shares that are long term tax status? do you sell knowing that lower prices come anyway, or do you just plug along and keep holding?