Potential target before buying in
Updated
I'm just doodling here.
Even if OPEC gets a deal with russia, the corona virus gets stable and so on. The economic consequence will still take time to recover from.
Bankrupt business dont automatically go back to 100% engine speed just because money printing is going, OPEC gets their deal, Corona virus goes away.
Like 2008, the bubble continued to deflate long after the worst had happened.
OSEBX went down >60% from peak so I dont think a 50% is out of this world this time.
So far I've only bought some silver
Tried to short some bitcoin (failed)
and in the end I dont think me or anyone have any clue how this will play out. But I'm saving my FOMO card for later
Even if OPEC gets a deal with russia, the corona virus gets stable and so on. The economic consequence will still take time to recover from.
Bankrupt business dont automatically go back to 100% engine speed just because money printing is going, OPEC gets their deal, Corona virus goes away.
Like 2008, the bubble continued to deflate long after the worst had happened.
OSEBX went down >60% from peak so I dont think a 50% is out of this world this time.
So far I've only bought some silver
Tried to short some bitcoin (failed)
and in the end I dont think me or anyone have any clue how this will play out. But I'm saving my FOMO card for later
Comment
so far going as expected.Companies like equinor have had massive rallies.
oil price is up
yet demand is dead. So we will soon see if this growth is fake or not.
Comment
well this is exciting for sure. Asian posted the worst numbers since ever? The exchanges are up.
USA over 20 mill are applying for jobbless claims-money. S&P goes up.
Who knows, maybe the bottom really is in because of the insane BRRR printing.
Oh well, if it is its a missed oppertunity for me.
Comment
Maybe this is the reversal due to the WTI crash. time will tell
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