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

[COOL COBRA]

Just some more info from isnide the oil field.
My company specifically has laid off 90%

The man camps that oil workers stay in, a lot of them are empty now because oil companies dont want to pay per diems anymore, and are cutting back so much.

Where I live is the biggest oil spot in America, so to see this.. is scaring the shit out of me.

We're stacking a shitload of drilling rigs in Oklahoma currently. Thanks Russia/Saudi! Bastards..

 

[EatonEggbeater]

Spoke with my broker today, he's liking coke and oxy petro.

 

[CompOrange04GT]

Spoke with my broker today, he's liking coke and oxy petro.

Oxy is likely about to get bought out

.. is that why he likes it? I know they are about to get a lot of money to be bought

 

[GOTSVT?]

Coke (KO) always a favorite
Check out tootsie roll (tr)

 

[CompOrange04GT]

We're stacking a shitload of drilling rigs in Oklahoma currently. Thanks Russia/Saudi! Bastards..

I feel bad for the people who are getting hired for " rig up crew" that have never done it. Not realizing they are actually gonna be rig down crew and laid off

 

[q6543]

Today felt too textbook bear market rally.
Sold out of $SPY and bagged 20 points.
I'm going to be much more patient.
The 10 week rate of change on volatility and the S&P needs som serious time.

I'd be shocked if we aren't finally bottoming in q1 2021.

 

[DAVESVT2000]

I’m watching casino stocks,
MGM, Wynn, LVS, Penn

 

[olympic]

Western Canadian Select crude oil is down to $8 a barrel. This will absolutely devestate Saskatchewan and Alberta if it stays there for any length of time.

 

[RedVenom48]

Western Canadian Select crude oil is down to $8 a barrel. This will absolutely devestate Saskatchewan and Alberta if it stays there for any length of time.

So, is there free Prime shipping? That include the barrel?

I'll take 20 barrels please.

 

[Weather Man]

My portfolio was down 58%, it has clawed back to only 46% down.

 

[GOTSVT?]

Waiting patiently for a bottom.
Anyone else thinking 16000 coming?

 

[me32]

Waiting patiently for a bottom.
Anyone else thinking 16000 coming?

Lower

 

[mariusvt]

It'll bounce for a bit and big drops when the the March unemployment numbers come out.

 

[CompOrange04GT]

More good news

a few companies in the Permian basin are opening new wells up.

not sure why.. but they are.

im hoping this oil shit is slowly starting to come back

 

[nxhappy]

Waiting patiently for a bottom.
Anyone else thinking 16000 coming?

I dont think so man. maybe 18000. but we already took a 10,000 drop and 40%. for all of us ....lets HOPE is stays around 19-20......after all, china will be opening soon, and think is gonna help us TREMENDOUSLY. since you know .....99% of our shit comes from china (SMFH)

 

[nxhappy]

It'll bounce for a bit and big drops when the the March unemployment numbers come out.

trump is a smart business man. we are in major debt but at least the feds keep pumping the market. if china and the Us fail, we ALL fail. great depression 2020 must be avoided at all costs.

 

[nxhappy]

Lower

there is no way. at that point we are talking 75% loss.

 

[me32]

there is no way. at that point we are talking 75% loss.

I don't think people realize whats about to happen. Its gonna be a rough year.

 

[olympic]

Nearly one million Canadians applied for jobless claims last week, representing almost 5% of the labor force, according to a senior government official with knowledge of the data.

Jobless Claims Near 1 Million in Canada, Crushing Weekly Record

 

[ON D BIT]

I think I heard its 1 million in CA too.

I think it will go lower as well. Stocks were high as they were manipulated by QE's, corporate America, the idea people did not want to be left behind(i.e. amazon/telsa/bit coin bandwagons) and the fed. We are no where near done with the virus and it will be at least june before we can work or go out again. Lets all hope we don't get a second wave like the swine flu.