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Re: Stock Market Crash! (merged) Pt. 13

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Fri 14 Feb 2020, 10:54:50

Wouldn’t be surprised if the recession is underway. A rate cut by Q2 is almost a guarantee at this point.


BREAKING - Coronavirus hits home: US carmaker GM reports shortages of parts in its Michigan and Texas factories.


Imagine when this starts really hitting?
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby shortonoil » Fri 14 Feb 2020, 11:34:17

And this is before the impact of the virus had fully hit global supply chains.


Within the year they will all be broken. If you haven't yet got your three way, super duper, potato slicer, dicier, and chopper you had better order it now. Stock are limited and going to nothing soon.

It's Coming': CDC Director Warns Coronavirus To Become Widespread Throughout United States, 'Probably Beyond 2020'
https://www.zerohedge.com/health/its-co ... ted-states

The extremely virulent coronavirus which is sweeping through China's Hubei province like wildfire will eventually gain a foothold in the United States - becoming a 'community virus' this year or next, according to CDC Director Dr. Robert Redfield.


The virus is unstoppable! It is being driven by a high percentage of silent, super spreaders. People who carry and can spread the virus, but display no symptoms. They are a modern day version of a "Typhoid Mary" on steroids. Every individual on the planet would have to be tested to restrict its growth. China's draconian lock downs of millions, which aren't working, is the proof. The healthiest looking person in the crowd is infecting everyone else.

AIDS brought about the no test, no sex era. This virus will bring about the no test, no breathe conundrum, and there are still questions about how many people who have contracted the virus can re-contract it, and continue to spread it after they have recovered. This is a monster.

When the Market wakes up from its FED induced coma, all hell will break loose.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Fri 14 Feb 2020, 12:13:13

OIL STOCKS COLLAPSING AS USUAL...

CNX has tanked in past 5 days.
XOM failing down 1%
BP down 2%
OXY collapsing.
EOG down 2%
BMW down 2%
F down 2%
Chesapeake down 7%

Commie Cog's response: "Who cares"
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Fri 14 Feb 2020, 12:34:03

Armageddon wrote:This debt addicted market just got another 47.65B capital injection courtesy of The Fed.

https://apps.newyorkfed.org/markets/autorates/temp


Worthless MBA Cunts: "We're not street hookers, we're serious professional cokeheads staring at computers in insolvent banks"

SL: "America is a Giant Dope Riddled CCP Prison Camp"
Last edited by StarvingLion on Fri 14 Feb 2020, 12:52:08, edited 5 times in total.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Fri 14 Feb 2020, 12:41:06

Marathon Oil is Collapsing...

The marathon is just about over.

MRO down 5% today....Gone from $20 to $10 in 1 year.

Transocean Ltd. (RIG) is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland.

RIG stock is down 5% today. Gone from $10 to $4 in 1 year.

Diamond Offshore Drilling Inc down 3% today. Gone from $12 to $3 in 1 year.

Cog: "Its all going very well. The Penny Stock Offshore Drillers are ready to ROLL [over in the grave]"
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Fri 14 Feb 2020, 18:08:23

NEW: White House considering tax incentive for more Americans to buy stocks - sources (via @kaylatausche)


You can’t make this stuff up
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Cog » Sat 15 Feb 2020, 02:19:52

Armageddon wrote:NEW: White House considering tax incentive for more Americans to buy stocks - sources (via @kaylatausche)


You can’t make this stuff up


If only we had a link to this story, us investors could rejoice in this good news.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Sat 15 Feb 2020, 10:39:04

Cog wrote:
Armageddon wrote:NEW: White House considering tax incentive for more Americans to buy stocks - sources (via @kaylatausche)


You can’t make this stuff up


If only we had a link to this story, us investors could rejoice in this good news.



Do you read the news? Here it is


https://www.cnbc.com/amp/2020/02/14/whi ... ssion=true
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby rockdoc123 » Sat 15 Feb 2020, 11:23:21

What they are describing is not a very big deal. It seems quite similar to the Tax Free Savings program in Canada in which you are allowed to deposit a certain amount per annum and the income from any investments in that account is tax free. The other incentive in Canada is RRSP which allows an individual to deposit a % of the their taxable income into a locked in RRSP and the amount deposited is deducted from taxable income annually. The individual pays no tax until they turn seventy at which time they have to start withdrawing from the account at which point they are taxed.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby shortonoil » Sat 15 Feb 2020, 11:32:08

If only we had a link to this story, us investors could rejoice in this good news.


Does it also include investing in Chinese companies? Since made in China now means don't touch the box for 23 days, or soak it in Clorox before opening.

Did this come from a real human brain, or did it fall off a Ouija Board?
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Sat 15 Feb 2020, 11:35:17

shortonoil wrote:
If only we had a link to this story, us investors could rejoice in this good news.


Does it also include investing in Chinese companies? Since made in China now means don't touch the box for 23 days, or soak it in Clorox before opening.

Did this come from a real human brain, or did it fall off a Ouija Board?




Probably why Bezos and his ex wife sold billions of Amazon stocks recently. They know what’s coming.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby shortonoil » Sat 15 Feb 2020, 12:24:34

Probably why Bezos and his ex wife sold billions of Amazon stocks recently. They know what’s coming.


It would be surprising if this didn't sink Amazon. Revenue is going to fall rather hard when their only products for sale are going to be tooth brushes that come from Alyssa, Alabama!
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby shortonoil » Sat 15 Feb 2020, 12:38:10

BREAKING - Coronavirus hits home: US carmaker GM reports shortages of parts in its Michigan and Texas factories.


Auto manufactures carry 2 weeks, to 6 months of parts. The two week inventory is for plugs that go into the computer that runs the car. Those were made in China.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Sat 15 Feb 2020, 12:51:56

The stockcharts of Suncor, ExxonMobil, Ford, BA, and BP in the past few months all imply:

SENECA CLIFF

Everywhere.

In other words, The Giants starting with North Ghawar are experiencing MASSIVELY increasing decline rates.

Conclusion: You will be dead within 5 years.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Sat 15 Feb 2020, 12:56:30

The "Super" "Geniuses" over at PeakoilBarrel.com have all come to the conclusion that:

NOTHING MATTERS

The oil will continue to flow because somebody out there loves me. Thats the gist of their laughable argumentation.

FUNNY MONEY IS KING

...until it aint.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Sat 15 Feb 2020, 13:01:12

StarvingLion wrote:The "Super" "Geniuses" over at PeakoilBarrel.com have all come to the conclusion that:

NOTHING MATTERS

The oil will continue to flow because somebody out there loves me. Thats the gist of their laughable argumentation.

FUNNY MONEY IS KING

...until it aint.




I’ve always said that demand destruction from a global economic downturn and eventual collapse will mask PO.
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby StarvingLion » Sat 15 Feb 2020, 13:53:32

Armageddon wrote:
StarvingLion wrote:The "Super" "Geniuses" over at PeakoilBarrel.com have all come to the conclusion that:

NOTHING MATTERS

The oil will continue to flow because somebody out there loves me. Thats the gist of their laughable argumentation.

FUNNY MONEY IS KING

...until it aint.




I’ve always said that demand destruction from a global economic downturn and eventual collapse will mask PO.


And The CRIMS think y'all are no different than Pigs and Chickens and the....

Future Economy is Plastering them all with Electronic and Microfluidic Implants (HUMAN FARMING) in some kind of...

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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Sat 15 Feb 2020, 18:11:04

Supply chain interruptions have already begun. Here is a list of US and international companies that have products made in China


http://www.jiesworld.com/international_ ... _china.htm
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby shortonoil » Sun 16 Feb 2020, 10:42:17

Supply chain interruptions have already begun. Here is a list of US and international companies that have products made in China


http://www.jiesworld.com/international_ ... _china.htm


Thanks Arm.

Well just about everyone.

Write downs will end up in the $trillions; so much for the best economy ever. It should start hitting the US labor market in a couple of months

What's your take?
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Re: Stock Market Crash! (merged) Pt. 13

Unread postby Armageddon » Sun 16 Feb 2020, 11:35:43

shortonoil wrote:
Supply chain interruptions have already begun. Here is a list of US and international companies that have products made in China


http://www.jiesworld.com/international_ ... _china.htm


Thanks Arm.

Well just about everyone.

Write downs will end up in the $trillions; so much for the best economy ever. It should start hitting the US labor market in a couple of months

What's your take?




My take? It’s really hard to predict. We are talking about a global economy slowing to a near halt prior to this Corona outbreak. Now you add in major supply chain interruptions on top of it. We have central banks around the globe dropping rates to near zero and some below zero and also pumping in massive liquidity to keep things from collapsing and now taking China basically off line might be the final nail. I’m already hearing about the supply chains wreaking havoc and we are just beginning.
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