I think back to Bill Maher's comment after Trump's election, that he wished the US economy would tank in order to force Trump out. The fight between globalism and nationalism is real, trillions of dollars and personal power are at stake. I wouldn't be surprised if all this is planned. Biowarfare extended to economic warfare...
But have no doubt Trump will prevail.
Think about this for one second
Oil plunging 30% is good for the bottom line for everyone
Especially airlines and cruises that are losing business because of the virus
Why then would you dump those stocks that are not in the oil business?
Because.... for Soros reasons
Oil down 30% is good for everyone except the independent oil companies. The big ones are mostly marketing and distribution, and this lowers their costs as well.
The independents that do most of the exploration and drilling in the US will be hurt by this, because it's no longer profitable for them to take the risk. In the long run, it will reduce our independence from foreign oil and more vulnerable when the price goes back up.
It will hurt airlines that hedge against higher oil prices. Which is most of them.
It is not that simple
Most airlines collar the options buying both puts and calls
So they are not that exposed
Do research before you spew nonsense
Bad day?
Collar hedges are still hedges against higher prices. What I said isn't untrue.
smh