I'm wondering if the 3x will get liquidated today. It doesnt seem quite yet since it looks like they are down about 70%
So goldman comes out with a 30 price target on oil after the fact it has already fallen below 30. Wow good call. If this call came out when oil was $57.89 I would say what an ultimate call it was, but after the fact? What the fuxk kind of call is that????? https://www.reuters.com/article/us-commodities-research-goldmansachs-idUSKBN20W0E7
A C.Y.A. call. Then I saw a call for prices in the $20's. Of course, it made it to the $20's. 2 months ago crude peaked on that Iran rumor at around $65. All the way down to $27.50.
I took out major oil shorts that day... I sold them as oil was dropping, still own a few today but if I had them alllllll today they would have increased hundreds of percent.
Curious if you know off the top of your head if the index ETFs like SPY are under these limits or the individual stocks limits? Seems like there could be some weirdness there if they are operating under the individual stocks limits, which I think they are?
The open this morning is going to be rough meaning the trade imbalances will be all over the place. You would think in 2020 markets could handle hundreds of millions of shares. Or better yet keep the damn markers open 24/7. Money doesnt sleep, the economy doesnt sleep. Keep the fuxking markets open 24/7 so that when times like come they are tradable right away and not 19 hours later!!!!!!! Its 2020 not 1937....
I was wondering that too, do they trade until the overall market is closed? Don't know the answer. SPY currently indicating SPU's down 180.
If crude (CL futures front month) taps its low from several years ago, I'll buy USO and hold. From memory, I think that's 26. Oil markets, esp. SA, can't afford to keep crude that low for very long. What, it's almost now? Probably won't get there but it'll be worth the wait if it does.