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Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST
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To: rdkflorida2 who wrote (13782)5/20/2022 10:52:33 AM
From: Kirk ©1 Recommendation

Recommended By
berniel

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Yeah, I guess you are saying when the high oil prices crush Amazon and Walmart such they they have to lay off workers, especially drivers, then those drivers can find jobs drilling for oil.

Have you compared the wages offered to oil workers vs. Amazon and Walmart drivers and warehouse workers?

I just gave my gardener a 15% raise. Do you think he and the others he hires to help will let me take back some of that if gas prices drop?

I think you are wrong:
Again, "the market place will get it right, eventually."

There is NO free market in the US or the World for oil.

One of the BIG reasons I won't invest in oil is any time there are significant profits, politicians go on the Lizzy Warren warpath and try to hit them with EXTRA taxes and fees.

High priced oil is usually what we see at the end of an economic cycle. The market is pricing in another recession of which we already have one quarter of negative GDP and if China remains closed, we could get a second.

I think inflation HAS peaked and demand destruction has begun. We've ALREADY entered BEAR MARKET territory with the TOTAL stock market down over 20% despite what the permabulls here say.
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