WTI is down another percent today, widening its losses to 14% over the past month. For the most part, oil stocks have stupidly ignored this horrendous price action and have traded like grocery store stocks.
The fuck out of here.
Down, down, down.
WLL and CLR are your coal mine canaries. The blood will flow, heavy and with ceaseless consistency. You’d be wise to liquidate your entire portfolio and go swimming in St. Bart’s, should crude break $40 to the downside.
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got my eye on copper now thanks to Dr. Fly.
You did state that July is usually an up month. Maybe tonight Amzn and Goog both gap 100 for the final push up before hell comes.
Seems as much a chance that the market will just see crude as a glass half full. (e.g. doesn’t care that it goes down, but will rally huge when it spikes up – fun game while it lasts)