As for oil:
Oh boy. You oil barrel loving ************* are about to get bowled on by men levitating on space aged hoverboards, who gingerly sip Monster Energy Soda, while kicking old men into traffic. There is no reason to be long oil stocks here. For the most part, most of the oil stocks that you see on your little bull**** screen will get cut in half again or file for bankruptcy protection.
I repeat: You do not walk away from a 70% decline in crude unscathed. The executives at XOM are purposely manipulating their share price, through buybacks. What responsible manager buys $15 billion of his own stock, inside of 2 quarters, all the while the core commodity behind his business drops by 70%?
Look, we all see what’s happening here, right? Are we clear? For once, I am trying to genuinely help you help yourself. There is no getting out of this mess. I am pissed the **** off, just thinking about how my kids will make a living in 10 years. I am pissed off that our leaders are unable to instill confidence in the markets.
