as we get closer to reaching Full Storage Capacity for Oil around the World. And you know as we type, Saudi Arabia, Russia, Iran, Iraq, etc. are all pumping to the MAX.
300 pts jump today could mean sell off tomorrow. Then again market likes to move higher on "Hot Air". Super Tuesday will show Trump and Clinton in the driver's seat. Which should actually send the market down since both a LOSERS. But market might not care. Oil will probably drive market going forward on more "Hot Air" from Russia about Bogus oil Freeze with the oil valve wide open. Market is a joke but sure does love negative rates and printing presses coming back for another round of "Spin the Deficit".
Pump to the Max and forget this stupid "freeze" game. Ahh that's the Russians. Say one thing and then do the opposite. Uwti in for a free fall going forward as every pumps like there is no tomorrow.
Hype of (bogus) oil production freeze is now over, while odds say half of Opec (if not more) violate production freeze agreement. And with news that Saudi Arabia is now selling more oil to China to keep a head of bitter enemy Iran - you know the big boys are going to Pump to the MAX.
since the Saudis will do anything to keep market share from Iran. The ink has not yet even dried on (bogus) oil production freeze agreement, yet Saudi Arabia is already pumping all time highs in oil while Russia gets ready to increase their oil production. The "Hype' is not over and reality kicks in. Everyone Pump to the MAX.
and "Hello" Huge Oil Inventory build. S.A. will never let their bitter enemy Iran get oil market share from China so the Saudis pump flat out to sell their oil on the cheap to China and others. Oil going forward falls as everyone and their mother Pumps to the MAX.
and rumor has it Hillary got insider shares on the side. Seems Mrs, Dishonest has her hands in everyone's pockets. Even Dupont.
Bad things always come in Threes
Market not prepared for a pre-strike Rate Hike. Fed either puts up or shuts up so be prepared for massive volatility going forward.
Oil prices are lower on Tuesday after Kuwait said it would only agree to an output freeze if all major producers take part and Goldman Sachs analysts poured cold water over the prospects for a sustained rally. Look out boys Uwti heading back to $2 and lower. OPEC IS NOW A TOTAL BUST.
"I'll go full power if there's no agreement. Every barrel I produce I'll sell," Anas al-Saleh told reporters in Kuwait City. And Iran has to cut oil production before we take this "Joke" of an agreement seriously. Oil heads down big time today as world markets collapse on lower oil throughout the rest of the year.
and not talking heads have this stock pegged at below $200 a share as sales and revenue fall off a cliff as the FDA get ready to take ACTION.
Should see a size able volume today as bigs boys, hedge funds, mutual funds, etc. all cash out their "long" position of Chipotle. When more downgrades come this stock could easily be in the mid-$300 range, if not lower.
The eating public are not FOOLS. Sure they might vote for Tump but they are not going to commit to getting E. Coli every time they step inside a CMG outlet. Stock sells off gong forward since the Company is not "Scarred for Life".
due too sky high medical insurance costs since half of all CMG customers are uninsured.
as longs sell before massive sell off tomorrow. More news will break (BIG TIME) tonight and tomorrow regarding Chipotle's serious Food Problem. And as the bad news Steam Rolls the stock dive bombs.
The rig count suggests that Saudi Arabia continues to plan for higher levels of supply. While Saudi Arabia and OPEC have talked intermittently about increasing demand and decreasing supply, about minute increases for use during Ramadan and even about the possibility of caps on production, their actions have not always comported with the distracting, laissez-faire attitude suggested by their commentary.
and you know Yellen is now forced to jack rates and less people file for unemployment, US economy improving and rest of world heading for toilet. Market end red - sell the news (ECB) and get ready for Fed Slap Down.
Looks like everyone heading for the exit today, taking profits and getting out of long Oil bet. What was up will be down rest of week as everyone know half of OPEC pumps to the MAX.