Markets are burning down while Oil runs higherThe world is going to hell in a handbasket with Russia but it seems to be fanning the fire under Oil, a 5-day bull run in Oil is the story of the week but Oct that started out strong on the stock market turned negative and the market is a great barometer when you want a snapshot of the economy or political issues but the stock markets being down so much after the US released positive unemployment rate numbers or other positive facts adds to the fact that the FED will continue to be aggressive in rate hikes to slow the economy down, this is the one time when positive economic news is a big negative when it comes to dropping Inflation down to 2% and higher Oil will be another huge contributor to keeping Inflation higher and the higher it goes the more aggressive that the FED or Central banks will be until the economy cant carry higher Oil due to global contraction and we have a correction. Then we have the global issue with Russia which could turn worse really fast if Putin comes out and threatens the US or anyone else, Will Putin put everything on RED and start using nuclear weapons as a threat if he feels cornered or starts losing worse in the war, even adding sanctions or capping Oil might be what set him off. Having higher Oil due to manipulation by cutting production was the only way to boost Oil prices we all agree on that. Now that we're above the phycological $90+ Oil the next stop would be $95 if everything stays status quo.
I have np being wrong about anything but I have the balls to accept that, I was right about the largest fact over the months figuring that Oil would hit $75 by year-end going against all $120 believers at the time and it still can happen but with OPEC ruling on production cuts, Oil pricing has changed but not the global economies and higher Oil is a mistake. I'm certainly not going to run and hide when I'm wrong and people read BB posts for what they're worth and if I can learn one thing from reading someone's posts that I might not have known before is great but I really don't care who posted it as long as it made sense backed by facts and I got something from it but you have to leave personal issues aside. This has been a great week for making money on Oil stocks even as the stock markets sold off and at the end of the day that's the only thing that matters, But if it makes you feel superior to belittle people on a BB then maybe you should beat your wife and dog too..
Stocks dive, yields rise after U.S. payrolls point to hefty rate hikes | Reuters Russia's elites are increasingly critical of the war in Ukraine, and they're looking for scapegoats - CBS News Ukraine war: World must act now to stop Russia, says Zelensky - BBC News