View single post by Tsquare

Posted: Thu Mar 12th, 2020 07:58 pm

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Tsquare

Joined: Fri Nov 10th, 2017

Location: Suwanee, Georgia USA

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You nailed it Jim. You also need to add the hysteria induced losses in the stock markets on top of the Russian/OPEC(Saudi) run to drop the price of crude low enough to put small shale oil producers out of business. The break even point is $80 a barrel. Anything less than that American oil companies loose money producing oil. If the price stays below $80 for 6 months most of the oil companies will have to shut their doors making the US dependent on foreign oil once again.

My investor managed 401K account has lost 24.6% in 3 months (the bulk of my retirement). I have another account that I manage and it lost 8.2% in 3 months but it has dropped 18.8% in the past 3 weeks (minor account that is now 12% of my retirement). I was planning to go full retirement with the wife in 2 years and that is now not going to happen. We are back to a 7 year plan. F#@K You MEDIA for creating this bull.

____________________
Tony
NE ATL
'04 XLT regular cab 3.slo stepside
Semi retirement