all these hedge fund managers are just talking their books⊠this just in from RJO:
800 billion / 330 million = 2424.
OuffâŠ
This reminds me of these bad-math-instances:
/
Unfair! I did correct me already
You know, itâs like âletâs take away those pesky zeroes now to simplify, I will add them back laterâ
ahahh. To be fair I noticed like 1 seconds after posting.
indeed ! The bottom of the market is hard to find these days
Did you guys read the article in Science published a few days ago about modelisations of the months to come ?
Spoiler alert :
Résumé
Pretty gloomy until the discovery (and wide spread use) of a vaccine
The Guardian has a good resumĂ© of this hardcore technical piece of science, and youâll find a link to the original study.
Still thinking this?
Iâm tempted but I decided to wait this insanity over. I hope my wife wonât kill me. :-p
Anti-lockdown protests spread in US⊠Murica FTW
https://www.ft.com/content/c8f6f413-39c4-47ce-b1ff-0e02969cb612
I just found a great visual illustration of quantitative easing (money printer goes BRRR)
Oil price collapsed totally today, lol.
-88% wt actual f âŠ
Soon they will give you money for buying oil lol. I totally see it going below 0 today.
I am in negociation with king Salmane to buy Saudi Arabia
Now down to 0.00$ lol.
I suppose you already know what happening, but just in case, itâs not far from the truth that people will give you money for buying oil (if you can store it between May and June)
(Future traders want to roll their May contracts to June, but thereâs no storage left, so yes technically this could go negative)
https://www.bloomberg.com/opinion/articles/2020-04-20/there-s-nowhere-to-put-the-oil
What the actual fudge? I need explanation STAT! Why has this never happened before?
Because we never had a global lockdown with -95% in air travel. No one needs oil anymore and the producers have full storages. Storing it costs way more than 14$/barrel it seems lol.
We are at -14$/barrel.
Edit: We are at -40$/barrel wtf xD
The World has gone bonkers. Have the Saudis or OPEC actually predicted this when they decided to play this game with Russia? They should have cut down on production as soon as it was clear what was going on.