when we start to see some oil producers begin to default, it will rattle the market, but wont this be good news as the writing will be on the wall that price of oil will go up as less companies around to pump it out of the ground?
>>1055102 >but wont this be good news as the writing will be on the wall that price of oil will go up
Yes and no. If US producers go bust, the US will be buying higher prices not selling higher prices, not to mention that there is always contagion risk from producers defaults and any sovereign debt defaults that would no doubt ripple through the economy.
>>1055244 >told my dad market was going to turn around and to just use leveraged inverse etfs to day trade with. >he still thinks he knows better than me and shushes any opinion i have to offer >he preaches "trend is your friend" "dont buy stocks that aren't doing well" >tfw this morning my upro holding i got for $43 shot up while his spxu holding cost him around $30k
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