I don’t know why oil is down 6%.
I could make up lots of reasons. I’m a trained broadcast professional. I have an MBA from Stanford. I am practiced at the art of spouting best guesses with a confident, strong voice.
But those reasons don’t actually matter. Oil shouldn’t move 6% in one day. Oil isn’t Under Armour. It’s not FitBit. Crude should move in pennies. If oil is down 6% in one session it can only be because something in the marketplace is broken. Whatever it is if it can take oil down 6% it sure as hell can trash my shares of FaceBook.
Bear markets are hard. They take money from everyone. It’s too late to short and too early to buy. If you’re long a ton of broken GoPro et al and it’s keeping you up at night just sell it until you can relax. Otherwise, from where I’m sitting the best trade today is nothing.
If you enjoy the content at iBankCoin, please follow us on Twitter
I couldn’t believe that Oil was over 30 for most of 2015..IMHO, Bull markets are even harder. At least Bear Markets make sense.
Please stfu. Please.
@badduck, lol, wait until companies report good numbers and sell off so ugly..
Oil is the new GPRO
GoPro is more evil than oil.
I know why oil is down and have been posting here since 2014 to get out of oil.
But the experts at iBC are the shits, and have the inside track. Maybe they are positioning themselves for $200 oil and I will have egg on my face. Or we can go lower and stay lower longer than iBC can hold their UWTI.
I’ll be here when they finally sell out. That’s my buy signal.
What sort of horseshit do you eat for breakfast?
conspiracy-narratives have been / are becoming more right than Mba prognostication. (swap truth for the c word) Games tricks machinations have easily been occurring with oil. was held above 90 for months months when it didn’t want to be there. it started being let-down. some of us pointed out it was intentional (meaning a probability not 100% how about 80%) some of us pointed out very very-very early on around 70s it was most likely a geopolitical strangulation move, because we were open&watching alternative narratives. You mainstream type people scratching your heads in the upper-mid-low 30s is frankly pathetic (to a degree) My writings said in early fall 14 it was an impactful geopolitical gamechange move, and it was being Made, and that was fall 14
How many barrels of crude can one buy for the going rate of a Stanford MBA?
New or used?