Biotech and big Pharma are enjoying themselves today. Energy related shares have recovered and pressing higher–because no oil freeze is good news. Why? Well, let me explain.
Now that the middled east are free to ‘Mars Attack’ one another with sneaky backdoor deals, the price of oil will soon collapse under its own hubris. But wait, there’s more. Because of the specter of this eventuality, traders are bidding up oil because after it collapses, oil producers will be forced to cut production and prices will then lift. In other words, traders are merely trying to get ahead of the curve, by bidding up oil before it collapses, before it rebounds.
This is fuckery on an industrial scale.
DAX viagras into the bell. Dr. Copper is the truth, yadda, yadda, yadda.
Healthcare
Nazis
SPY
Crude
Dr. Copper
Any questions?
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“oil producers will be forced to cut production” – not an option, in oh-so-many one-crop economies.
And some types of wells can’t be shut or the whole investment will be lost. Certain facilities are very unkindly to being shutdown, ironically the higher cost ones.
i have sold HZNP and CLR. lolz, thank you haters…hehe
I am making lateral moves
endtimeheadlines.org
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I have a question. What happens when I die? 😉
They open the garage door and turn off the car’s ignition?
Lovely.
Your guess is as good as anyone else’s, jpmorgains.
I’m gobsmacked!
Kuwait situation is complicating oil matter, that and the incredible raft of “rebalancing” bullshit in the financial media that completely ignores all those brimmed tankers, etc. I’d bet a lot that major hedgies are unwinding longs starting now.
“traders are bidding up oil because after it collapses, oil producers will be forced to cut production and prices will then lift. In other words, traders are merely trying to get ahead of the curve, by bidding up oil before it collapses, before it rebounds.”
Wouldn’t traders go short the May/June Futures and long 2017 futures?
I wonder if many people think they can guess the timing of these turns correctly. Seems pretty hard to do without inside info.