/biz/ - Business & Finance

>>19212153
>>19212246
I am an idiot mathematician, correction, ac cording to API Cushing this week should have 18,6 million capacity left. Still WAY off from letting tankers in.

But well, some profitable ones yes. And keep in mind a ton of wells are permanently destroyed now too by shutting down. Oil is FUCKED.

>>18463241
Everything today. The part of 1 cent per share earnings for WFC and JPM's own struggle not scaring people. How Fauci said May reopening is overly optimistic. How JPM CEO said we won't reopen in May, like June, July, or even August. Oil dipping below 20. Gold ATM. Future earnings projected to be just as bad for all companies coming up. Q2 being INFINITELY worse than Q1 already is. Goldman Sachs saying we are looking at a coming recession 4x worse than 2008/9, and unemployment well be WORSE than the great depression. It is an open secret like half of everything will be gone and out of business in coming months, not every business will be saved yet all rise.

All of this today. The talking heads of investing gave up justifying even, now everyone is saying "fundamentals don't exist in this market, so just go with momentum and pray." I have never seen more negative news in one day about our economic outlook, and you are telling me NASDAQ is back to normal and S&P might be at this rate by EOW? This is deeply, disturbingly wrong and if you aren't a bear then idk what to say. We had our rally, it has to be near its end.

>>13945278
STAHP RIPPING OFF BURGER IP GODDAMNIT