/biz/ - Business & Finance

>>17802848
>>17802858
I don't have a position yet, and yes they very well could (and probably will) reduce dividends. My reasoning is that once oil bounces back, which may take a long time, I trust the old guard oil guys to get creative with income. Diversify beyond petroleum.

I just think BP and XOM are a bargain right now.

>>17389043
I've been thinking about the timing of the dip as well. Markets were open for like 2 hours Thursday and then things fell apart pretty quick. That wasn't caused by some mega news story that dropped right at that time, unless you count the one by Goldman Sachs that basically said "beware of a possible downturn" which I can't imagine caused blue chips to lose 4% in two days.

I think it was some fuckery capitalizing on the Corona fear, but Monday will be very telling of the next few weeks.