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You certainly could have bought at a worse time (like last week!) but maybe the best time will be when the covid deaths finally start declining globally.
Of course Wall Street will have that information first, but it still could be a very good time to buy when we turn the corner.
Patrick saysYou certainly could have bought at a worse time (like last week!) but maybe the best time will be when the covid deaths finally start declining globally.
Of course Wall Street will have that information first, but it still could be a very good time to buy when we turn the corner.
They are starting to close schools/universities/cancel mass activities. May get worse, if not in reality, then in heads of population.
Well universities are not vital for the stock market, esp. not todays ;)
WookieMan saysI've witnessed this with my own father in the last year.
Similar with my mother. She had a 100% fatal brain tumor (glioblastoma) and was offered brain surgery that had a slim chance of extending her life for a few months.
She did it, and it ended up partly paralyzing her, and then she died anyway, probably a bit sooner because of the surgery.
But the doctor made $100,000 or so off of Medicare for the surgery.
I just think it prolongs suffering for the person themselves and the family.
I also think suicide should be fully legal if you can do it yourself,
Oil has had biggest % plunge since 1991:
When I was say 20-22 I'd pull off the interstate and look for the cheaper gas price and save $0.05 per gallon. I haven't looked at prices in years. Does anyone here actually seek out the lower price anymore?Not me but it's hilarious to see successful people waiting 30 minutes or more (with their car running) just to save $0.15/gallon at Costco. It's madness.
Maybe there's truth to that theory that oil is a naturally reoccurring byproduct of fusion within the earth. Or something like that, aka it's endless.
Kind of on topic, but slightly different. I don't know peoples positions in life, but do oil prices for the average successful adult even matter? I honestly can't tell you what regular unleaded is going for right now. It would have zero influence on a car purchase at this point in my life. Am I weird?
When I was say 20-22 I'd pull off the interstate and look for the cheaper gas price and save $0.05 per gallon. I haven't looked at prices in years. Does anyone here actually seek out the lower price anymore?
I love being in a win win situation. If Oil is $80/bbl, we win because of Fracking. If Oil is $30/bbl, we win because it's cheap.
I love winning one way or the other!
For someone who earns at least $250,000, gas prices may not be as much of a concern as they may have a much higher amount of disposable incomeDirectly paying for gasoline isn't a problem for those people. However, they still feel the high price in how it affects people much more sensitive to the price. For example, a store owner (earning $250k/year from the store) might see less-wealthy people cutting back on discretionary purchases in order to funnel more money towards the now-costlier gas. Or maybe an Apple engineer, while still knocking down $250k/year salary. notices that he just lost $1MM in company stock value.
rectly paying for gasoline isn't a problem for those people. However, they still feel the high price in how it affects people much more sensitive to the price. For example, a store owner (earning $250k/year from the store) might see less-wealthy people cutting back on discretionary purchases in order to funnel more money towards the now-costlier gas. Or maybe an Apple engineer, while still knocking down $250k/year salary. notices that he just lost $1MM in company stock value.
The real question is if pizza delivery places will stop charging the delivery fee, that was put in place (so they say) to offset high gas prices.
Sorry pizza dude, your tip will always be what I would have tipped minus delivery fee
Gold is down.
NAC is down 8%,
This has deflation written all over it.
Better start bailing out left and right: airlines, shale, cinemas, etc....
OPEN! FIRE!
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Can't really figure out what is going on with oil. From earlier reading, it seems that the Saudis wanted Russia to cut production to keep prices high, but the Russians refused.
So in retaliation, the Saudis massively boost production? WTF?
Maybe this is an attempt by the Saudis to put Russian producers out of business. It's certainly going to kill the US fracking industry, which cannot profitably extract oil at these prices.
And why would cheap oil be bad for the stock market? Seems like it would be good for everyone except Exxon.
Does this have implications for the dollar and US foreign policy? What exactly is likely to happen?