/biz/ - Business & Finance

>>19136571
You sure as hell weren’t in this thread. You have 4 posts and they’re all shitposts.

I have no idea why so many bagholders bought RTX over LMT. Sad.

>>19136603
I actually meant Boeing execs.
GE looks like Jack actually fucked it up and left just before the shit hit the fan. Turned them into a finance company with bad loans, and slashed all their forward looking R&D.

GIVE IT TO ME STRAIGHT DOC!

Do I buy more SRTY and TWM tomorrow? Is this a weakening of the small caps that will pave the way for a red week, or is it just jitters and I shouldn’t get greedy?

>>18635447
It’s futures contracts that are an obligation to receive 1,000 gallons at a terminal in Cushing, Oklahoma, at a set time on the 1st of the month.

>The specific costs associated with a failure to accept physical delivery depend on the specific contractual arrangements entered into by the futures contract holder and the Futures Commission Merchant (FCM)—the entity responsible for executing the buying and selling of futures contracts on behalf of a client. The possible costs could include a combination of direct monetary penalties, reputational consequences, the liquidation of the collateral deposited by the client in the margin account with the FCM, the revocation of trading privileges, and the costs of any legal settlements resulting from the breach of contractual obligations. As a result, holders of expired contracts obligated to take physical settlement rarely fail to take delivery.

Now, could you imagine why you would rather be holding a contract dated a month later at that time? Or perhaps, could you imagine a scenario in which more contracts are available for the nearer month than the further month?

Perhaps if more storage were available next month, more usage were likely next month, or less pumping were likely next month?

Or what if people had short-sold many of the contracts, and no one was willing to buy the contracts off the traders, because they could see the position those traders were in was about to explode? (I’m actually not sure if you can do that with futures contracts, so someone please correct me if I’m fucking up).

Or maybe more containers are being manufactured and will be available a month later, or the tanker trucks and railway cars take time to move to that specific terminal, and all the ones close enough have been allocated already?

You’re also literally describing contango, so if you’d like to know more you should read about it.

How much of this oil thing is caused by the rollover in monthly futures contracts???

>>18573701
Lmao yeah saudis are real worries about this crisis they’re deliberately accelerating.

>>18573201
Cramer can be Bretty based my man.

AAAAAAAAAAAAAA

I SLEPT IN WHAT DID I MISS???

>>18309259
The numbers that are reported are more important than the reality.

And how is the virus worse than feared? Big money saw Italy, saw the chinks sealed into their apartments.

But yes, fracking companies not continuing to default is bullish.

Anyone watch the Queen’s address?
Gotta love it if she outlives that BoJo clown.