Posted on 03/09/2020 11:41:24 AM PDT by Enlightened1
“America will return to the dying state Obama put it in.....no jobs, no opportunities, no equality, no growing economy, no hope, no future”
The Obama was lackluster - exactly what an economy should be.
Trading is suspended for 15 minutes when the S&P index is down 7.00% which happened earlier today soon after the market opened. It recovered after reopening. Suspensions are triggered at 7, 13 and 20 percent. The first two are for 15 minutes, the third is closure for the rest of the day. It sounds like the 7 percent trigger is close again.
Doubt that they actually ship it in barrels.
Wait, what????
Buying a share of stock should be seen as buying a stream of future earnings of a company.
Shares of stocks aren’t racehorses or tulip bulbs.
Every boom is followed by a bust - always.
Governments should avoid trying to make economies boom.
“Oil prices are based on 42 gallons per barrel”
—
42 gallons would be a cheaper barrel, I’d guess.
The government can do a lot to protect US workers from globalism and global labor arbitrage. This a proper role for the US governments. Other wise the Federal govt should not pick winners and losers.
“Doubt that they actually ship it in barrels.”
—
Had to look it up -
“No one actually buys a barrel of oil; it’s not even transported in barrels. The main reason is that the US measures it in barrels (one barrel is the equivalent of 42 gallons) and that has become the “normal” way that oil is talked about.”
Trolls, trolls everywhere.
You mean like President Trump's weekly radio address?
Regards,
I remember. -Tom
You've got to accentuate the positive
Eliminate the negative
And latch on to the affirmative
Don't mess with Mister In-Between
I don’t understand the economics of why the price of oil going down would make stocks go down. It would seem to me that it would lower all sorts of costs, resulting in higher profit. It’s probably obvious to the rest of you, but I never studied economics.
There’s more at the site, but here’s the meat of it.
https://aoghs.org/transportation/history-of-the-42-gallon-oil-barrel/
In August 1866 a handful of America’s earliest independent oil producers met in Titusville, Pennsylvania, and agreed that henceforth, 42 gallons would constitute a barrel of oil. Pennsylvania led the world in oil production as demand for kerosene soared.
That’s why I got rid of almost all my stocks in December. I’ve only taken a 2% hit with all this craziness in the market.
There’s a lot of money loaned out to oil exploration that could be at risk, possibly a chain reaction?
It’s funny to think of how so many such conventions and definitions we use all the time were the result of some group sitting down, debating and voting.
As a lifetime student of speaking tactics, I will assure you that the idea of properly using the image, suggested, has special advantages.
And if the chemistry works, it will immunize many now ambivalent, from the pernicious influence of the mass media.
Sorry. I still don’t get it.
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