Posted 05 September 2024 - 09:25 PM
Posted 06 September 2024 - 12:46 PM
UCO and SCO are long and short CO (Crude Oil)
Posted 06 September 2024 - 01:25 PM
Oh my if we saw $11 oil, I think the economy is going to go into a depression. Now I think it is going to get ugly next year no matter who the President is but oil that low, ouch!!
Posted 06 September 2024 - 03:18 PM
Pump, dump and reinflate.
Reportedly, Buffet is in record cash ready to buy cheaper. Currently reported to be $277,000,000,000!
The last time, our local ACME Brick and grandpa's sand plant was bought by Berkshire. cheap.
Then, for the first time, I began seeing his name on local real estate signs.
"Warren Buffett recently sold over $75 billion worth of his stock holdings, including big chunks of one of his biggest holdings - Apple.
The legendary investor is currently sitting on the largest pile of cash that he's ever had Berkshire Hathway - Warren Buffett's holding company - currently has $277 billion
Buffet at record cash: https://youtu.be/0f0...KEsFrt-bPU2Q8Uu
Posted 09 September 2024 - 01:51 PM
But inflation is not a scare - it is a perpetual reality.
Another possibility.
Still waiting for them to sober-up.
https://wolfstreet.c...or-a-recession/
Tap your heels together three times and think to yourself 'inflation is here to stay'...
Posted 10 September 2024 - 10:58 AM
Doomberg on Oil
Posted 10 September 2024 - 11:28 AM
Good call on the oil short - but maybe too much company?
https://www.zerohedg...lish-oil-record
Another possibility.
Posted 10 September 2024 - 11:31 AM
Nice call. Time to reverse and buy USO for a trade.
Posted 10 September 2024 - 05:23 PM
The (almost) Hurricane is having little affect on the Gulf oil platforms thus far.
New Orleans doesn't look good for the next several days.