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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (43086)11/12/2021 10:50:51 PM
From: robert b furman1 Recommendation

Recommended By
Jacob Snyder

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Hi AJ,

Monthlies are still big volume vs. weeklies , especially when there are some very old puts that were sold in the depths of the demand destruction that happened in the pandemic.

Do you think there will be tax selling in the oil patch this year end?

A lot of the oil patch stocks are up big for the year for those who bought as a contrarian move.

Many think it is still very much under owned.

I think the oil patch, including OPEC + has some catching up to do.

Thus they are sticking it up Brandon's azz.

Just saying , it is a historical fact that when OPEC has over 50 % of production, historically they have ramped up crude's price in multiples.

Let's face it when the US dropped its production of crude from 13 million barrels to 10 million barrels, we lost the price setting role in crude.

What is scary to me is, those very same moves have always lead to a recession.

That's somewhere out in 2022 possibly.

If OPEC+ has their way, energy will be the best hedge in inflation, right there next to uranium as the greenies figure it out that renewables are just not reliable or near as cheap as touted.

If that evolves, inflation won't be transitory.

Then the Fed may be forced to create a recession (increase rates).

That could well be the answer to supply line shortages and another quick recession like the pandemic was (I hope).

All crystal ball gazing at this point.

In between winter is getting cold and people are finally allowed to travel in many new places.

Bob
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