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Selling Longs Into Bounce


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#1 MikeyG

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Posted 20 May 2022 - 05:56 AM

It has become clear that with Biden in charge the economy will go nowhere. We are in an energy crisis and he just canceled 3 oil leases. 

 

I am not sure if he is trying to destroy the economy or what? 


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#2 fib_1618

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Posted 20 May 2022 - 06:52 AM

It has become clear that with Biden in charge the economy will go nowhere. We are in an energy crisis and he just canceled 3 oil leases. 

 

I am not sure if he is trying to destroy the economy or what? 

 

Acts speak louder than words.

 

It’s a simple matter of creating global “fairness” by tyrannically weakening our standards of living to meet those who are “economically challenged”, while breaking the human spirit of individuality by making the young and old alike suffer in the process with no hope of recovery, under the larger higher ranking political agenda of worldwide Collectivism.

 

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"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#3 pdx5

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Posted 20 May 2022 - 07:25 AM

I think that is a smart idea
SPX headed below 3500 may be even 3000 area if inflation continues.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 MikeyG

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Posted 20 May 2022 - 09:28 AM

I thought it was just campaign rhetoric, but it wasn't, he meant it. He wants to transition the economy off oil and gas even if means a depression. 


Edited by MikeyG, 20 May 2022 - 09:32 AM.

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#5 gismeu

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Posted 20 May 2022 - 09:59 AM

I thought it was just campaign rhetoric, but it wasn't, he meant it. He wants to transition the economy off oil and gas even if means a depression.


Off oil and gas? Then what? Horse buggies???

gis
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#6 MDurkin

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Posted 20 May 2022 - 10:02 AM

I thought it was just campaign rhetoric, but it wasn't, he meant it. He wants to transition the economy off oil and gas even if means a depression. 

I'm sure the people riding horse and buggy's said the same thing when they saw a car for the first time. Thinking ,why do I need that... my transportation is working just fine. Until they raise the horse's feed 10 fold.



#7 MDurkin

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Posted 20 May 2022 - 10:07 AM

 

I thought it was just campaign rhetoric, but it wasn't, he meant it. He wants to transition the economy off oil and gas even if means a depression.


Off oil and gas? Then what? Horse buggies???

gis

 

I have seen 2 UFO's in my life (62). If you ever saw one and than see one of our planes go by in the sky you can't help to think how primitive we really are...



#8 12SPX

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Posted 20 May 2022 - 10:35 AM

That's cool would be something to see!!! 



#9 pdx5

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Posted 20 May 2022 - 11:09 AM

They can not switch out of fossil fuels for 50 years.
It will take at least that long to replace power generated by oil & has & coal. Electric cars are currently running on majority of power generated by fossil fuels.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 MikeyG

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Posted 20 May 2022 - 11:11 AM

They can not switch out of fossil fuels for 50 years.
It will take at least that long to replace power generated by oil & has & coal. Electric cars are currently running on majority of power generated by fossil fuels.

 

Biden would say- wanna make a bet! 


mdgcapital@protonmail.com  

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"One soul is worth more than the whole world."