ECON Market Watch April 1, 2020 - No Foolin' Here, It Sucks.

NoMoreLibs

Kill Commie's, Every Single One Of Them!
Ok - this is just a starter, it's early afterall. Save room for lunch, it's still ugly out there.

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NoMoreLibs

Kill Commie's, Every Single One Of Them!
$10 oil? Dang. Gas down to 1.71 now, has dropped about 6 cents in the last few days. Of course, when we rebound they'll raise it 10 cents a day, at least.
 

night driver

ESFP adrift in INTJ sea
If WTI (West Texas Intermediate crude oil) is truly headed to 10 bux a barrel (which makes it WAY CHEAPER than Walmart Distilled Water) TEOTWAWKI is, perhaps, not PRECISELY "Here" but it's damn close to breaking our noses in impact.


21,255.86-661.30 (-3.02%)
As of 9:52AM EDT. Market open.
 

NoMoreLibs

Kill Commie's, Every Single One Of Them!
For those that feel 'injured' from too much death burger today....and it's going to be A LOT. Call these guy's, looks like it'll be right up your alley.

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Groucho

Has No Life - Lives on TB
I found this in the corner of room 312 of our old building.

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Whadda ya mean, "what is it?". It's a nourishing breakfast of porridge. Before you ask, yes, you can have seconds.
 

Green Co.

Administrator
_______________
I could see $10 oil, or close. Hell, right now all our crude oil storage is full. The market for fuels, gasoline, diesel, NG is very low... we're locked down for gawd's sake.
 

NoMoreLibs

Kill Commie's, Every Single One Of Them!
Still down over 600. It's almost lunch, hope you made room.... Fielders choice, take your pick.

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Dozdoats

On TB every waking moment
From the link -http://archive.is/ySFEV#selection-2251.0-2251.461

The $7 billion EJF, founded by Emanuel “Manny” Friedman, told clients in a letter Friday it was preventing investors from withdrawing their money from its Debt Opportunities Fund. That fund managed $2.5 billion at the end of February. While the fund received redemption requests totaling only 6% of its assets under management for March 31, the letter said, it wanted to “protect all of the Fund’s investors by not selling assets into a nonfunctioning market.”

Only 7 billion, and they are leveraged to the hilt.
 

Hfcomms

EN66iq
I could see $10 oil, or close. Hell, right now all our crude oil storage is full. The market for fuels, gasoline, diesel, NG is very low... we're locked down for gawd's sake.

I think the Sec of Energy needs to tell Trump to do an executive order to make American controlled refineries and pipelines only purchase American oil for awhile. Our prices would go up to a level where it doesn’t put our energy industry out of business and we can tell both Russia and the Saudi’s to enjoy their glut. They did this to bankrupt our shale production and then they will tighten supply back up and stick it to us. When we get to the point (if) we need more oil we can buy on the open market again.
 

Farmgal

Senior Member
I could see $10 oil, or close. Hell, right now all our crude oil storage is full. The market for fuels, gasoline, diesel, NG is very low... we're locked down for gawd's sake.

Yesterday at the press conference, remember what Trump HINTED at passingly....President said you probably could put in a good bid at $9 and probably get it.
 

Dozdoats

On TB every waking moment
President said you probably could put in a good bid at $9 and probably get it.

While it is in a different class than "stock tips from the shoeshine boy," it is still damn scary.
 

Dozdoats

On TB every waking moment
In other words, they'll pay you back next Tuesday.

Or the Tuesday after :D

"Free beer tomorrow," remember?
 
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Groucho

Has No Life - Lives on TB
DOW off 958 with one hour of trading left.

Gold is 1600 up a bit
Silver is 14.02 down a bit.

I may have to fix an unprecedented second DeathBurger for the day!
 

Groucho

Has No Life - Lives on TB
Rut roe, it's down 1060!
Prepare for the leaning tower of DeathBurgers!

We've been getting lots of those over the last couple weeks. Not a good sign. Maybe I should invest in Statin drug manufactures.
 

Groucho

Has No Life - Lives on TB
You folks are lucky. If the DOW had closed lower than -1000, I would have put the leaning towers of DeathBurger on the table. Now it's just some health food. I had this left over from before.

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Groucho

Has No Life - Lives on TB
Dead pump monkeys everywhere.
Just don't blame my fine cuisine. Good porridge is hard to find. I should know. I've been looking for it for years. Also, those bacon wrapped French fries were fresh. I just can't remember when.
 
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