/biz/ - Business & Finance

The volume on SPY has me sweating.
What's this nigger gonna do.

Yeah, I really can't take Joakim's report seriously when he has some of these companies trading far below liquidation value and has a very low scrapping rate factored into his model. The hyper-bearish tanker position just seems like anti-tanker sentiment animated and given a megaphone. In my opinion, it's myopic. Tanker's may be volatile, but hyper-bear justification seems to be that global oil trade will stall out for a year or two and tanker management teams will just sit there with their thumbs up their asses and allow their companies and share prices to be gutted. I'm not an expert analyst either, but the hyper-bearish scenario seems too much. If it gets that bad for tankers, imagine how bad its gonna get for oil companies. Low exportation and low oil prices for a couple quarters will murder them.

Seems the scheduled tanker dump is in full swing.