Looks to be circling the drain....... 85% down from year highs. How can it survive?
The oil industry may not recover until Obama is gone, 16 months away. But, will Legacy still be around?
What a crock. Wall Street manipulation at its best. Down 1000 points, then up 300+ the next day. From hell to heaven in one day. Does anyone still buy the WS BS that this is typical market volatility?
Bought SBIO last month as it showed lowest risk on Nasdaq risk assessment chart for biotechs, but it has dropped more in this latest weakness than all other index biotechs. Only 2-3X leveraged have dropped more.
Wall Street and its BS market churning has ruined investing for middle America. One day up nearly 300, the next down 250. No logical reason, just WS churning for profits. And, Washington sleeps through it all, as always.
Recent weakness still there
Yeah, but what about all those buyers who broke down on the side of the road? Holding from 14 plus to 6.80? Who would do that hoping for a rebound? In at 8, out at 11, and that was even selling too late. The pain is not over, believe me. All oil is no better than high risk now until it bottoms, then................
Can't see how this is going to end well. Perhaps us rats that left earlier should abandon all hope for this sinking ship? Even if the bleeding stops, will the patient recover?
Hard to see Big Oil rolling over as a result of this price crash. They have too much influence on our gov't (translation: money).
Up, down, up again, down................all that back and forth is getting scary. Check AAPL daily chart to see today's volatility........... it's schizophrenic. Not typical AAPL.
The smartphone biz has about reached its apex. Not much more of real need or value can be added. Apple needs to buy a dynamic change maker, as it used to be. Tesla? Its stationary storage system can change the world once it gains acceptance. Might be the right time for Apple to spread out and serve other markets.
Wow, this is serious. Lots of oils way down today. Where is the bottom?
We have many decades of oil dependence ahead before green energy can take over. Lots of opportunity ahead.
oops! my mistake. did nasdaq change its dividend history page and omit ex-date? remember it always being there before. have to look closer from now on.
IMO, oil is being slammed beyond all reason this year. Those smart/brave enough to buy big at/near the bottom will win bigger. This is how fortunes are made. Ask Warren Buffet.
Keep your powder dry.