Dow is Down 900+ points Today 2/24/2020

ccq8le

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Carnage for sure.

traders have lots of cash on the sides now, and not going anywhere with it.

Traditionally when money leaves oil it would go to retail as people have more extra cash to spend with lower gas prices, but things have changed now.


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bigja01cobra

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with the push for no large events, no travel from all major companies, gas/oil prices will have to plummet due to lack of demand. Corona is wrecking but money is moving to my trading accounts so I can keep investing in more. I need to research more oil companies to drop in on.
 

jmsa540

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I'm gonna wait till it drops to the 20's per barrel and drop the rest of my money into oil stocks and sit on it for awhile. It's the biggest drop in the oil industry since 1991 to give you guys an idea of how bad this is. My future self will surely be happy I bought now.

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MG0h3

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Bought 150 XLE this AM.

Considering selling my Dow and SP ETFs at a loss to buy more.


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