I guess people are wondering if the elections will be RIGGED again. Let it be known, I am an ardent election denier, always have been ever since young. I have been denying the elections for as long as I could remember, a wee small boy running about the concrete jungles of Brooklyn with a sharpened stick in hand. As I ran and ran and got winded, I could recall thinking “elections are rigged events to satiate the mobs and prevent the government from being overthrown.”
Markets are unsure as to the direction it wants to take. Risk is most certainly off in the riskiest of areas. Look at CVNA. However, there is some strength in big cap semis, finance, and commodities. There is almost no strength in healthcare and one has to be thinking this crash will be closed.
Natural gas +10% for the day only lends to the idea of a dark winter of death and destruction. Thank heavens it’s 81 degrees in NC today, otherwise my furnace might be burning through some of our national stocks. We will need those stocks to convert into LNG so that our European partners might enjoy some warmth this holiday season.
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In addition to converting our ng into LNG so that our European partners might enjoy some warmth this holiday season (thereby increasing our prices here)
Jim should sell more of our SPR to China so that they can refine it and resell it to EU at a handsome markup (thereby increasing our prices here even more) and providing the big man with a nice cut.
An operational refinery is pretty important asset right now. Especially ones that have transportation options.