Title: JPM Upgrades Energy To Overweight As "Supercycle Returns", Sees Oil Upside To $150 And "Multiple Energy Crises" This Decade Source:
[None] URL Source:https://www.zerohedge.com/commoditi ... es-oil-upside-150-and-multiple Published:Sep 22, 2023 Author:Tyler Durden Post Date:2023-09-22 18:54:41 by Horse Keywords:None Views:797 Comments:12
The oily shit is about to hit the fan.
Poster Comment:
Food shortages will drive up food prices. If energy becomes more expensive, then it is Hyperinflation to cover massive budget and trade deficits.
Excellent. Your XOM has risen about the same amount as my MPC.
Sold ALL my two cryptos today after buying them both at their All Time High. Those of you who are holding Bitcoin and Etherium can thank me; it will undoubtedly rise now that I've sold all of mine.
My Generac (GNRC) has been sliding into the gutter ever since I didn't sell it at $498 two years ago.
My Generac (GNRC) has been sliding into the gutter ever since I didn't sell it at $498 two years ago.
Fundamentals of a company haven't had anything to do with stock prices since the crash of 2009 or whenever it was when my mother lost everything. When my handicapped sister was born, I stopped aging at 2 y/o. She never listened to me.
The stock market is a mystery to me now. The only reason I made the huge XOM play was Dakkie asked me about stocks and I looked in my accounts and saw XOM was about half price when it became apparent that the 2020 election had been stolen.
I owe my MPC purchase to Lod, and I consider him to be at least partly responsible for my Generac purchase, as these were both in the aftermath of the Big Texas Freeze and its attendant power outages, which we discussed here a couple of years ago. Fortunately, I bought a lot more MPC than I did GNRC, so overall I'm way ahead on those two taken together. (Thanks, Lod. And just kidding about laying any blame.)
Now, I have to blame Pinguinite for my buying Bitcoin and Etherium...
Just kidding, Ping. I have only myself to blame, I know.
Now, I have to blame Pinguinite for my buying Bitcoin and Etherium...
Just kidding, Ping. I have only myself to blame, I know.
Ah, man... Sorry to hear you sold it. I'm still holding. Though yes, it may easily drop further. I'm in long term and expect the new long term high it BTC to be $160k if the historic patterns repeat.
There are a lot of warnings now about the economy, some big names actually placing a date on a crash, "Rich Dad, Poor Dad" author Robert Kiyosaki specifically.
Of course then again, expectations of a dollar crash have been "right around the corner" for decades.
Seems to me the dollar losing global reserve currency status is its biggest threat.
But okay, if not crypto, silver, gold & property are good alternatives.