Boiler Room: The Official Stock Market Discussion
Domingo Halliburton
Handmade in USA
should have known this was a top when that 17 year old kid was coming out and saying he has a hedge fund. 
These oil bigwigs will not let the demand for oil to get that low. They did not become rich by doing moral shyt. This excess oil is going to get used by us customers in the near future.yall was adamant about crude going into the 30s.
my call of $45 somehow still stands
It ain't that easy to control demand, breh
Domingo Halliburton
Handmade in USA
guess asia didn't like our sell-off today
Futuristic Eskimo
All Star
There isn't any demand growth in the US though, so counting on this country to absorb excess demand isn't a very good strategy. Demand growth has been driven primarily through emerging markets. With Chinas slowdown and other economies taking a turn for the worst, its a bleak outlook.
But to state the the outlook is bleak is ridiculous. Every natural commodity has it up and down moments. Right now, it's oil who is having a down moment with the excess supply. I still believe that the US markets should be able to pick up some of the supply within the next couple of months due to the change in season and people will travel more (especially in the Northeast and Midwest). I also feel that China will start to grow again and start demanding for oil. Oil demand may not be up to the levels from 2012 with Iran trying to get their supply in the global markets but over time it will slowly rise again. It all speculation and patience
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Futuristic Eskimo
All Star
It is not only crude that is in a bear. Almost every major commodity has collapsed in recent years. There is oversupply and weak growth everywhere you look and until things actually do start turning around, I dont think its a solid plan to assume it will. Coming into this year, US GDP growth expectations were looking solid, but its looking more and more likely that it falls closer into line with the rest of the world. There are downward expectation revisions coming out every day. These are not developments that would lead me to be long oil in the medium term.But to state the the outlook is bleak is ridiculous. Every natural commodity has it up and down moments. Right now, it's oil who is having a down moment with the excess supply. I still believe that the US markets should be able to pick up some of the supply within the next couple of months due to the change in season and people will travel more (especially in the Northeast and Midwest). I also feel that China will start to grow again and start demanding for oil. Oil demand may not be up to the levels from 2012 with Iran trying to get their supply in the global markets but over time it will slowly rise again. It all speculation and patience
Seasonal trends are already factored into current prices.
To boil down all these prices declines to speculation is oversimplifying the situation.
It will. This is only a temporary setback for the time being.
like 07 US. That will be the next market shock.
Domingo Halliburton
Handmade in USA
Saudi Arabia attacked Yemen. Oil futures up 4.5%.
Saudi Arabia attacked Yemen. Oil futures up 4.5%.
It seems like when supply exceeds demand, oil longs have to hope for disaster to benefit.
Good thing I'm heartless.
Domingo Halliburton
Handmade in USA
It seems like when supply exceeds demand, oil longs have to hope for disaster to benefit.
Good thing I'm heartless.
Can't have a conscience in the pimp game.
WTI above 51 on the NYMEX
When things are too good to be true, that is when some type of fukkery happens 
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