Oil just crashed

[QuintessentialMan]

What do you mean it crashed

like that shyt went to zero.....and then wen negative.......brehs couldnt react...couldnt process......couldnt take advantage, then the trading app froze.....

 

[FaTaL]

Yes.
They keep deleting my nice very informative threads.
theColi might be an agent

Restart that thread, gloat and give brehs like me advice on how to come up on this terrible situation

 

[BaileyPark31]

Let’s put it like this. A clothing store is used to selling x amount of clothes per month while ordering y amount of inventory per month. X amount of cloths sold starts to decrease but the same y amount of inventory is coming In because they have a contract. As more clothes come in and less are sold; they start to lose closet space. They need closet space because they have to keep buying new inventory per the contract. They’ve been trying to get rid of the clothes on clearance but no one is biting. With no other discount buyers, he has to start giving away clothes.

Wow.

Similar to how the clearance section at walmart still has clearance st pattys day stuff..... just sitting there.

 

[JordanWearinThe45]

@Dame Dash's Motor Oil

 

[Robo Squirrel]

I'll be the 1st to admit I have no idea what this means

 

[JordanWearinThe45]

How does one invest in oil and buy at these low prices???

 

[Originalman]

Its like the natural gas. There is so much of it that they are giving it away (this was before the recession). They even mentioned that one of the biggest custormers to the train logistics business is the gas companies to ship out natural gas.

 

[Floyd Pinkerton]

gonna need for Elon to come through with that battery storage breakthrough to put the nail in these oil snake mfers

I've been adding more Tesla stock to my portfolio over the last few weeks

 

[JordanWearinThe45]

mopar owners wit the hellcats and demons mount up we bout to ride out

 

[FaTaL]

I've been adding more Tesla stock to my portfolio over the last few weeks

What app are u using?

 

[Northern Son]

Brehs who are or brave enough to admit they have no idea what this means are lowkey exposing their complete economic illiteracy. Suddenly it makes sense that certain incredibly dumb ideas are popular here.

 

[Floyd Pinkerton]

What app are u using?

Fidelity. Most of the "big" companies are the same at this point since they all offer cost-free trades, but when I opened up a brokerage account with them last year they had the lowest fees and I don't see any point in starting over with another financial institution.

Pretty decent selection of low-cost index and mutual funds, as well. There are actually handful of index funds with zero expense ratio.

 

[Pyrexcup]

Yes.
They keep deleting my nice very informative threads.
theColi might be an agent

come over to the boiler room read in higher learning breh

 

[levitate]

Good.
fukk em.

 

[CourtesyFlush]

Should I be fillin up my tank today? Are prices boutto skyrocket?