Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”
(theconservativetreehouse.com)
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Indeed. Oil is quite valuable. Virtually the entire world runs in it... without the fuel to keep things going... after all, Americans are paying historically high prices for it these days. Yet for some reason, even tons of oil based comoanies are still getting crushed on the stock market... doesn't that seem a bit, odd?
And yet logic would dictate that when most people see the price of something rising, in this case oil, then they'd rush to buy stock in oil-centric companies as their ability to generate greater revenue due to high demand and inflated prices, would be an indicator of said company's continued success... now if the price of oil was tanking like crazy (oversupply and not enough demand), cause prices at the pump to drop, companies making less profit, then it'd make sense for investors to sell of stock at lower prices to get what they can out of it while they still can...
Not arguing that massive manipulation and conspiratorial efforts aren't taking place, they obviously are, but all of this completely destroys any notion that the "markets" follow any sense of logical investing strategies. Apparently gone are the days of people putting their money on a company simply because they believe in that company's future success and increased profits and worth, thereby increasing the value of one's stock in said company... now it's just all psychology and shenanigans
Retail investors still do put money in the companies they believe in, the problem is that 1) institutional investors have no such ties and 2) retail investors are fickle, they trade at the drop of a hat, Exxon is reporting record profits yet the stock is largely flat to 6 months ago, why? Because retail are too scared that next quarter will be a bad earnings report even though every fundamental one existence rates the risk of that occurring extremely low. They don’t have any sense of how financials work and want to make a quick buck rather than invest in long term strategies. My money was all made in Apple and Microsoft, I bought their products, I used them at work, I bought their stock. My father made 10x as much because he didn’t sell everything until it was necessary.