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Technology Stocks : Apple Inc.

AAPL 270.82

-1.0%

3:59 PM EST

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OldAIMGuy

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To: NAG1 who wrote (212001)	11/11/2022 5:00:17 PM
From: Doren	2 Recommendations of 213177

OT humor: Investors Lose $5 Trillion On 12 Stocks They Bet The Farm On I have no faith in the METAverse. Talk about geeks out of touch with the rest of America... Goog is gradually moneti$$$ing youtube. They should buy Netflix and Disney. There'd still be competitors right? CBOE Volatility Index (^VIX) I *predict* things will get better... if they don't get worse. Certainly though at this point companies with cash reserves don't have to borrow to expand, and those who have to borrow have larger overheads. Profits for those who use energy are impinged... those who don't use much or create their own are going to do better. Nobody is slowing down on freeways. I'm not sure $10 a gallon gas would get people to slow down. People drive like Pavlov's dog drooled. oilprice.com Unknowns are still unknowns. Personally I don't think Ukraine is affecting oil prices much. OPEC has done a great job. Wildcatter frakers bankrupted in 2020 are trickling back into the business reluctantly but they know it's still a gamble. Risk Of An Iranian Attack On Saudi Oil Facilities Remains High Oil and interest rates are the two factors creating inflation... inflation cuts the value of Trillions of debt, without raising taxes, but it's still a tax. Someone has to pay... I don't think many of the ultra rich will be paying, they'll be making money. So that leaves the rest of us to cut the value of the debt. We fixed up Iraq and Afghanistan good. (Iraq has the largest unproven oil reserves in the world last I looked.) Farmers are paying more for fuel, container ships from Asia use oil, home builders... well they aren't building new stuff. Those guys take out short term loans and if they can't sell they're stuck paying high interest rates on unsold empty homes. That's not going to make renting cheaper but it will bring families closer...

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