Every time crude has risen 50%, it has led into a recession.
Oil's going up boyz, get ready for a rough road ahead. I, for one am buying a above ground pool and filling it with raw crude oil cause this shits gonna be more than its weight in gold after we cut off Russia.
$S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$ $Nasdaq Composite Index(.IXIC.US$ $Dow Jones Industrial Average(.DJI.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $Occidental Petroleum(OXY.US$ $Imperial Petroleum(IMPP.US$ $Crude Oil Futures(JUN4)(CLmain.US$ $W&T Offshore(WTI.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Your Average Trader : US dosent import a lot from Russia + they are self sufficient. However if European countries decide to go ahead with oil sanctions than yea they are asking for a recession. Highly unlikely IMO but than again if theres one thing Ive learned from the start of this war its that in the world of political theatrics anything can happen. So yea a pool of crude might not sound like a bad idea
Violets Your Average Trader: the US is self-sufficient? that is incorrect. we used to be self-sufficient and we are not anymore. don't you remember the pipelines being closed down in 2021?
Your Average Trader Violets: I mean depends on how u define self sufficient. I mean if we simply talk data and not politics: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WTTNTUS2&f=W
UNC Johnnie Your Average Trader: thank fuktard Joe Biden
Kathy kastineOP Your Average Trader: So the big brain move is to actually predict when the recession hits and start buying puts on oil for when oil then crashes.
JM investor : agree. yield curve is suggesting the same