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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Qone0 who wrote (86264)4/28/2024 10:00:24 PM
From: ajtj991 Recommendation

Recommended By
yard_man

  Read Replies (1) | Respond to of 96758
 
Is it checking back? WTIC is in backwardation and Diesel is in contango into Nov. They need to align. that means crude needs to come down (my favored) or diesel needs to come up (not my favored).

Stupid, ridic releases from the SPR would likely bring Crude into contango by early summer.

The market seems to be discounting that, but you have to figure the most stupid thing that could possibly happen, and then figure on that happening. Then things will make sense.

That can be applied to a lot of policies these days.

Btw, despite what people say about our polarized country, as long as you stay away from belief systems, people are and remain remarkably kind and considerate to each other regardless of race, creed, religious affiliation, social standing, or NFL team affiliation.

We are stronger as a country than we realize.