Well, if oil prices double soon, you'll need all the profits you can get from your trading - because all prices will skyrocket then. Fuel, heating, but also food and all sorts of stuff are influenced by oil prices.
What that finally means for shares... I have no idea. Its obvious that the stock market is completely detached from the reality. Even if the oil companies are stone broke the shares may be up, who knows. I guess you could might as well try your luck in Atlantic City - its about as safe to bet there, only its more fun. :)
Check out my post after this for my take on markets. It’s the bond yields telling story
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Agreed 💯
Inflation also is finally coming. It’s finally going to show up even in government stats.
Hey man how u been?
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People don't understand how much we depend on oil in making products and the fuel needed to transport food and cargo ships from China to get products to Wal-Mart & Amazon
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It seems everyone left here. I’m on Hive more
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