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Spideyboy

03/09/20 10:11 PM

#2947 RE: king oil #2946

Everything collapsed, absolute carnage on global markets. Average drop was 7% on US markets and 8% on European market

My key concern is not what has happened, more what will happen. We have Bridge data coming out in about 2-3 weeks. If things keep like this, even great news will translate as little impact on SP. This would be highly annoying as I believe the idea was to show the data, have a pop in the shareprice and then do a raise at that higher price. Let's see what happens in the next 2 weeks anyway.

Will need to see how Russia responds on the oil situation. Covid-19 in the meantime will likely get worse before it gets better. But that is less of a true impact to the global economy than an oil war.