Could be worse - I could be holding BTC instead of SUSU and oil being taken down due to the knock on effect of margin calls fear etc. Peleton and TSLA getting hammered so SU too? Yeah it doesn't make sense does it?
So lots of money coming out of the markets. Where can it go? Money markets or bonds paying a negative real rate? Doubt that is that attractive to investors looking for a return.
I'm looking for a rotation to value and commodities this year. To owning "real" things. Energy is one of the most valuable and tangible things out there and the sector is undervalued.
I can't help but think SU will look mighty attractive to anyone looking to place money.
I think the above is good thinking. I mean people bought BTC at over $60K and most of those people couldn’t explain how a block chain works. BTC doesn’t not print money like SU does. I think people will figure this out in 2022..
Little stated the dividend is safe above $50 WTI so there will be a floor to the stock price at some point. Here we are at $80+ so SU is indeed printing money. That makes me feel ok even on a down day because printing money is good.