RE:Take profits now before the long weekend!DukesMtl wrote: Slow Crash unfolding
The stock market is crashing. Take a look at the NASDAQ & S&P 500 over 10 years. Long drawn out Recession is being priced into the market.
SP's already had the OPEC cut run up starting before it was announced. It's possible we will see a pullback soon as the SPR release still has alot of runway....,
Biden to further authorize the release of more barrels. Eric Nuttal is living in the Oil Patch fish bowl and too close to the trees
It's fear & sentiment unfortunatly that are the driving forces behind SP's not his theasis on fundamentals...
A long drawn out recession is ahead and Eric would have us believe that our nest eggs will be safe in Canadian Energy. Take a look at TESLA and Enbridge SP and ask yourself why are they trending down. The market is crashing folks!!!
ioil is going much higher Biden already released 50% of the reserves he needs to replace them winter is coming plus Europe will need a lot more oil this winter and Saudi are cutting to pusnish Biden for using oil to try and get votes USA is at capacity unless they frac and under Biden that won't happen
Biden & Justin want high prices to push their agendas don't let this temporary low oil price fool you