Errare humanum est. You could fill in my gaps in knowledge instead of only pointing it out. Are you saying the oil producers were not affected by this negative price and the only ones who were hit were secondary traders?
Anyway, I will argue that your analogy doesn’t work. You can cancel an escort, and the “cancellation fee” will not be higher than the initial price of the “contract”.
I don’t understand why you guys make analogies when it was already clear with the real case.
Yes, the „cancellation fee“ can be higher than the initial price of the „contract“.
It‘s called „negatives Vertragsinteresse“. Since the pimp in this case has no room left for the escort, he would need to rent an additional room. And the initial price is still owed as he is not able to book the escort to another client (as they have all the same problem with the gfs staying home).
Art. 404 Para. 2 Swiss Code of Obligation.
‘Ain’t nobody got time for that’… but you can start from here
Nope, I never said this. But since you raised it, to be honest I think that some producers could have actually gained from this move - only the ones that are hedging their forward production and provided that there were still producers that didn’t roll their hedges until last Monday, for whatever reasons. You see, producers usually use the WTI contracts to hedge/sell forward their production (i.e. they are shorting the contract). So a producer would have sold the WTI May contract, at a positive price (say 30$/bbl) back in Jan/Feb 2020 (or even at a higher price back in 2018/2019 depending on their hedging strategy) and on Monday, if (and this is a huge IF) they hadn’t rolled this position yet to Jun or even further out into the future, then they could have closed it / bought back the futures contracts @ -40$/bbl => 70 $/bbl profit. If on the other hand they have decided to deliver physically the crude as per their short WTI May position, then for them there’s no impact from this move and for this respective position.
Here some potential consolation for “market timers” these days. 
As I was sort of holding off a bit in late 2019/early 2020, I wanted to reality-check on how much of an impact that had vs. if I just kept investing each month.
So here a mini simulation for VT and 3000 USD (amount irrelevant really) bought on each 25th (or around) at close price, 1Y period.
If your real losses are less than 10%, you are allowed to apply some in-hindsight self-back patting. 
Why not? It’s not you who decides the price. It’s the pimp. And the pimp knows you are desperate to cancel. Or do you risk it and hold?
Just pay the goddamned pimp, she’ll be here any minute! 
I’m pretty sure pimps worldwide have well tried methods in issuing margin calls even if you do not pay
US President Donald Trump has been lambasted by the medical community after suggesting research into whether coronavirus might be treated by injecting disinfectant into the body.
And then I see the disinfectant where it knocks it out in a minute. One minute. And is there a way we can do something like that, by injection inside or almost a cleaning? So it’d be interesting to check that. I’m not a doctor. But I’m, like, a person that has a good you-know-what.
A good _____ ? Waiting for suggestions.
You can’t make this up.
Either I’m blind, or people are easy to manipulate. I see nothing in that video, she keeps quite a poker face. Video quality is shit anyway.
I can’t listen to it, but I can see her face changing and suddenly she looks down and mutters something…
The quality is bad because it’s a soft zoom from another video.
I dislike these snippets put together to make it all look (even more) bad. Especially since the original is usually not less “crazy”. Of course it’s also so one doesn’t have to sit through 90 minute press conferences, but hey I don’t have Netflix, so this will do.
I watched this part in the full video & Burx & the CDC guy do cringe visibly. Burx does it better, she has more practise, especially the CDC guy is “funny”, I think he is concentrating very very hard just to show no emotion at all, yes, poker face, but it’s very focussed “don’t make eye contact, don’t make eye contact, just say you agree to look into it”.
PS anyway it turns out it was all sarcasm on the POS’s part and the joke’s on those that didn’t get it. 
In the last 24h I’ve seen many headlines with Raoul Pal (here is a short interview), claiming that the Boomers have a large portion of their pension in a stock market. Their average age is ~66, thus they will want to start withdrawing it soon.
On the other side of the equation there are companies with a huge amount of debt, which was financed by these Boomers.
The government consists mostly of Boomers too and it’s in their best interest to prevent the pension system from collapsing. Thus they’re printing the money.
Since stock market and housing markets have been at all time highs, Millennials could not afford much, as their net worth is not that high (yet).
So Raoul claims that allowing companies to accrue such huge amounts of debts was a structural flaw, which will eventually break the entire system and the stock market will crash and then move sideways for decades. His proposed solution for Millenial investors is to buy Bitcoin, which will have 100x valuation.
I’d tend to agree with the first part - the Boomer Feds will do anything to save their own finances.
I’m skeptical with his solution with Bitcoin though. I know there is finite number of BTC, but what would have to happen to make it 100x? And why BTC and not some other crypto?
What do you guys think?
My portfolio got back to -3k. I’m really tempted to sell some. Anyone has sold?
Been shifting some away from single stock to ETF (sold & rebought), but no net change. Single stocks are making me more nervous at the moment.
I stopped buying a month ago & won’t buy more at the moment. Yes, timing the market, but this rally doesn’t feel right, right now.
Hell no!!! Fun is only getting started.
I will sell in 30 years 
