RE:I Think The Bottom Is InInterest rates are spiking, war has been negative for the world economy, supply chain problems are raising prices and Biden is desperately trying to offset higher prices with SPR releases. Everytime one thinks there is a bottom things can go from terrible to even more terrible. A recession can last months and we have the makings of another 2008 here. Won't be surprised to see $75 oil and a $4 share price this summer. Not out of the question, very possible here. A full blown recession that should have taken place during Covid is around the corner and a $75 oil price means $4 BTE. We are watching the great rerate that Wolf talks about but this time it's to the downside. In my experience everything always goes down more than you think. Could be very ugly tomorrow, maybe $5.60 is in the cards. I just don't think the bleeding stops here. The recession talk just started how you envision a bottom based on technicals solely surely ignores the larger issues at play. Also this new baby disease affecting kid's livers is souring the market.