tyb
PAT812 C-560 on final at Detroit Metro from JBA
wut's not good with dropping the price of a resource tied to major fuckery??
They all had plenty of warning to adjust to this.
see second statement. PLENTY of warning over the last 6 months this was going to habben. I feel for the people losing jobs but the same thing habbened to the loan industry prior to 2008 event. Also plenty of warning with that.
it is an example of having prior warning IF you are paying attention. They do not make that sort of dosh I know that. Don't turn this into a pity thing as the warnings were all present. I get it anon-it's hurting the workers but this is life.
ATILA25 C-560 ne from Ft. Bragg, NC on final-last saw an ATILA call in the Persian gulf last week
it's back over $12 at present
Bottom-Calling Bets on $4.3 Billion ETF Go Bad Amid Oil Plunge
Historic turmoil in the oil market is proving painful for investors who just piled into a $4.3 billion energy ETF.
The United States Oil Fund LP, or USO, plunged more than 10% in pre-market trading, with crude tumbling below $12 a barrel amid an unprecedented supply and demand imbalance. USO’s slide came after investors plowed $1.6 billion into the fund last week – the biggest weekly influx on record for the exchange-traded fund.
USO is a popular choice for retail investors looking to bet on short-term price reversals, buying dips and selling rallies. However, those bets soured Monday as slower demand exacerbates a fast-growing glut of oil.
“Traditionally, this product is used to play mean reversion. It also attracts outsiders whenever oil is so low it makes the nightly news,” said Eric Balchunas, an analyst at Bloomberg Intelligence. “So it’s basically an overcrowded bottom-calling trade gone bad.”
State Street’s $8.6 billion Energy Select Sector SPDR Fund, ticker XLE, dropped 5.7% before the market open. Meanwhile, the $1.7 billion SPDR S&P Oil & Gas Exploration & Production ETF, ticker XOP, fell 6.5%.
USO, which accounts for about 25% of all outstanding contracts in West Texas Intermediate crude futures, said last week that it will move 20% of its contracts from the nearest month to the second-traded month. The issuer cited market and regulatory conditions in announcing the shift as coronavirus-related fears open up a gap between plunging prices for the nearest dates and the following month.
https://www.bnnbloomberg.ca/bottom-calling-bets-on-4-3-billion-etf-go-bad-amid-oil-plunge-1.1424002
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
and the same spillover habbened with the loan industry. Shit rolls downhill and I know you know that. You want high cost of living? come to Cal.
and the example given was similar. The same pain reverberated in the loan biz. The difference? One is a commodity the other is "value" production. The common thread? both are traded on paper.
PAT009 C-560 departed from JBA nw
R1778 G5 also leaves JBA and nw
we got this bro.
they are not different when both are a result of paper trading. You are missing this. The paper trade is imploding as there is already too much oil. What part of storage areas have been full for a long time is being missed with this?
No one said decoupling from the petro-dollar would be easy. Plenty of warning
DDFI5899 C-560 out of New Orleans NASJRB
VVLL824 and VVLL880 P-8 Poseidens west out of NAS Jax should turn left and head into the gulf at about Eglin AFB
you are cherry picking and ignoring reality of how it's priced and the back-up I've given you. Your choice. Good luck faggit
>Just buy while its low
and low is???
you are dying on your own hill making these repeat calls week after week.