RE:message for long-sightedriky144 wrote:
China consume about 10 million barrels a day !!
You're wasting your time trying to get short-stack to acknowledge current information , it doesn't work in his world ending scenerio . Markets are either all doom and gloom or you can look past this short term noise of tax loss selling , short-stack is hoping for lower prices and thinks his revelations will move the market .
China is reopening , India's economy is in high gear and despite the smoke screen , NA and European employment remain strong (hard to have a recession with full employment) .
I look at the tech trade and just shake my head , every dip retail buys tech up and institutions keep selling into it . O&G is rolling in FCF with price support for the next couple of years easily , get off the tech treadmill with stocks valued at 30X forward sales and grab some shares of 3X earnings .