Home > Boards > Other Markets > ETFs > Energy Select Sector SPDR (XLE)

I'm thinking we are near if not at

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
zsvq1p Member Profile
 
Followed By 29
Posts 5,290
Boards Moderated 2
Alias Born 07/18/03
160x600 placeholder
Stocks Rally, Driven by Bank and Energy Sectors
The Dow Jones Industrial Average rose more than 400 points Monday, clawing back some lost ground after four consecutive weeks of declines, as investors piled into economically sensitive stocks including those of banks and energy companies.
Hearing in 'Fortnite' Maker's Apple Lawsuit Tests Antitrust Claims--Update
Top Company News of the Day
USDA Crop Progress: Corn Condition/Progress-Sep 28
USDA Crop Progress: Winter Wheat Progress-Sep 28
USDA Crop Progress: Soybean Condition/Progress-Sep 28
Uber Wins Back License to Operate in London After Yearslong Battle -- 3rd Update
USDA Crop Progress: Soybean Condition Index-Sep 28
American Electric Power to Electrify More of Vehicle Fleet
Wheat Higher as Global Weather Watch Extends
Disney Sells Ad-Tech Firm TrueX to Gimbal
Personal Income Seen Down 2.5% -- Data Week Ahead Update
General Motors to Invest $71 Million in 2 Ohio Factories
Southern Co. Sets Goal to Electrify Portions of Internal Fleet
Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs -- 4th Update
Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs -- 3rd Update
Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs -- 2nd Update
Household Wealth Broadly Rose in Years Leading Up to Pandemic, Fed Report Concludes
Stocks Rally as Traders Bet on Volatile Election Season
Manufacturing Activity in Texas Quickens in September to a 2-Year High -- Dallas Fed
Bayer Says European Commission Authorizes XtendFlex Soybeans
zsvq1p   Wednesday, 03/11/20 10:37:42 AM
Re: BioBoi post# 152
Post # of 156 
I'm thinking we are near if not at the bottom.
The question is do you think the virus is as bad as many folks are saying. I personally think it's overstated. But companies are reacting negatively that will obviously harm our growth.

1) We have OPEC and Saudi's piss at Russia. They threatened to increase the production of 2.0 million BPD above its current output. That caused the crash beyond the virus stuff.

2) We have OPEC and Saudi's wanting to put the US shale biz.. out of biz.

3) We have these smaller producers in the US borrowed up to their ass now trying to protect and just be trying not to go out of biz.

4) We have Both Russia, OPEC and Saudi's needing the cash so as not to that could cripple these countries' economies. (THEY MUST MEET)

5)IMO, we have an overstated fear of the virus. (DEMOCRATS WANT TRUMP FAILURE THIS BAD)

6) We have a President who "says" he is going to bail out the industry.. but IMO is complete BS.. we shouldn't. Plus we know TRUMP is a bunch of Hot air many times. (TRUMP WANTS LOW PRICE BUT ALSO DOES NOT WANT THE BANKS TO FORCE PAYMENTS ON THE HOCKED PRODUCERS)



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (2) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences