ES Journal - 2019/2020

We Always repeat the cycle of history... history doesn’t stop repeating and change because Human Nature never changes! ...

 

I have a close friend that works for the NY Fed that builds models and Algorithms to anticipate & prevent future debacles by staying ahead of the curve... This current Black Swan was the absolute worst time for this to hit the average American household.... personal debt is at a screaming All- Time Hi... even worse than the ‘08 debacle.. as this time around showed credit spending was Not to be excessive spending but just to make ends meet and to sustain ones standard of living with necessities... This is the tipping point for most US households!

Btw, he and I had a bet for Dinner at Lugers in ‘06 on how the housing situation would end.. “A foreclosure on every corner across the nation with “People got Sold out ... Banks got bailed out” with Taxpayer money, to add insult to injury...was my synopsis .. as there were astronomical option arms resetting on ‘08 & ‘09.... Needless to say whom enjoyed their Rib Eye more that night!

 

If OPEC and others are colluding to cut supply, we should see a spike in oil price.

 

We just saw an 40% spike in price. Buy with the rumour, sell with the news?

 

They might agree to cut back a bit, but probably much less than what Trump was tweeting. So market went up on Trump's numbers, looks plausible anything less than that will send price back down.

 

Old news. No more meeting Monday:

https://www.cnbc.com/2020/04/04/oil...ns-flare-between-saudi-arabia-and-russia.html

 

Thanks for that....now it's really gonna be rock 'n roll for oil on Monday.
Remember, we went from 20 to 30 in CL in practically a week.

 

Here's the news...starting to come in. And we are expecting a fast recovery?
https://www.cnn.com/2020/04/04/politics/unemployment-benefits-states-coronavirus/index.html

 

I just thought of something funny.

Buy the rumor, sell the news. We've all heard that, yes? What if we buy the rumor, sell the news, buy the facts? That would be a butterfly, yes?

And if we buy the rumor, sell the news, buy the facts, sell the aftermath, that's a condor?

I dunno', I think that is damned funny. Haha?

(This is the only time I am glad PoopyDeek has me on ignore, because he'd call me a moron for such drivel.)

 

No, that would be constipation and your wife will leave you.

No, that would be diarrhea. Your wife will leave nonetheless.