Will Meade thinks we get a bottom this week and the fed will drop rates
We will see.
I suspect there will be an intervention
Btw, Oil futures trade on MARGIN...and you bet there are margin calls on this:
btw, I Have had some really really interesting trades on Friday expiration for oil options. They are not liquid and have wide spreads. Been awhile since I did it...but you can watch for calls or puts going for pennies that turn around and zoom your way. It is called a lotto. Not all turn out .
Thanks for the information.
Who knows, if Iran really goes to the devil with this virus, some fanatic mullahs may decide, what the heck, the 12th Imam is coming back, so let’s attack Israel while we can...Another Gulf war would certainly turn oil around fast.
More likely, a prolonged oil price depression will devastate Russia just like in the mid 1980s.
Strange times indeed.