RE: MMs manipulating market prices27 Mar 2020 17:46
Hi, if this is over £20 in the near future I'll eat my shorts. People keep saying the world needs oil & gas. Yes, that's a basic truth. But, yes there's always a but + this one's the size of Kim Kardashians, no one knows when the pandemic will ease. Or the suadi v russian squabbles will cease. But however you look at it there's a vast mountain of oil. Saudi's & Russians flooding the markets, oil price plummeted. Coronavirus stopping billions of people traveling through planes, trains + cars. So little use of fuels. So she'll have mountains of both, but who's buying or using. And at what price are shell selling. And more importantly can she'll make much profits in these circumstances. Errrr, no. These wild swings in American market's, show how as usual the yanks haven't a clue what's occurred or how to react. The yanks have 1 answer to everything, bomb the enemy's. Well that isn't going to work here. Yanks are born capitoists No one on the planet knows how this plays out. But in its most simple form, companies not making money means pain for the shareholders. How many companies have froze, cut, stopped dividends the last week or so. There is no magic wand in this situation. Its basic maths. I hope I'm wrong.