Thank heavens I came across this note from Citi. All this time I was wondering why crude was going lower and it didn’t affect the overall market. Now I know. The drop is simply a case of stupid as shit bears, unfamiliar with the basic laws of mathematics. According to this sage at Citi, supply is coming in and demand is very high. It’s only a matter of time before prices fucking skyrocket.
For leisurely reading.
Worldwide oil supply is at record highs. Rig count has gone up for 5 consecutive weeks.
OPEC supply at record highs.
Citi is an ass.
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Biannual extra paycheck moves me back to -5% ytd
Whoever’s trying to undermine my trading acct positions
You lose
Citi distracted by Stranger Things bingeing.
If crude bounces the Nasduck rips 10%.
If so, be prepared for grandma Yellen to be scootered out swinging heavy for rate hikes. Hell, Hillary might even say some more shit about biotech. Noticed uncle Warren just endorsed her…..shocker.