An SPR release of 172MM bbls was authorized in March. That release is broken up into tranches that refiners bid on. The last 40MM bbl tranche didn’t get bid on (or 98% didn’t), so that 40MM bbls won’t be released. So you’ll see smaller draws in the coming weeks and ultimately the draws will stop well above any concerning operating minimum.
@MichaelASerio2@RobertPrechter Well the year 2000 is certainly included in the graph, and we're 60% above that bubble peek .. Move along nothing to see here /s
@Donwalsh14@ttmygh Do you not agree Saylor is speaking in a degrading manor?
I interviewed someone this week. Not the smartest tool in the toolbox. Approaching retirement. He lost everything in a "crypto scam" (his words). What Saylor is promoting is wrong and is hurting real people.
@pirateblakbird@NakedEmperor_01 It's certainly possible ~$72 acts as support and we blast off again from here. I'm long term bullish but speculating on a bit more of a near term correction. I feel that low $50s is a safe re-entry point, and would feel comfortable holding through any continued downturn.
@xuchuanmei@kofinas@Rory_Johnston I said hey that guy said something insightful I'm going to go give him a follow and then I realized I'm not following Demetri 😆
Another excellent analysis on markets from @hussmanjp -- with the usual enormous treasure trove of data and charts and historical references. A must read for anyone interested in understanding the *valuations* of the current markets, and more importantly what those valuations mean (and don't mean) to analysis.
"In order for valuations to reach the most extreme level in the history of the U.S. financial markets, it must be true, by definition, that valuations have plowed through every lesser extreme, time and time again, without consequence. Unfortunately, the deferral of consequences is often confused with the absence of consequences. As investors, we should be capable of seeing both the possible continuation of the bubble, and also the possible collapse of the bubble. Knowing that both are possible, and refraining from being locked into any forecast or scenario, we see better what to do and what not to do." -- John Hussman
@pmbug@teufelhundusmc1 Are there not tax considerations as well? The math on a 50 year payout is $2.6 million. And that's not considering the compounding from reinvesting. And then throw in the tax savings vs lump sum payment. And all the horrible things that curse lottery winners.
Patients and doctors are being squeezed by vertically integrated Vision Benefit Middlemen (VBMs). Thats why >1/4 of Congress and leading patient advocates are calling for reform NOW. Learn more: https://t.co/ka45zoNOsg #VBMReformNOW#PatientsOverProfits@SenatorBennet
Patients and doctors are being squeezed by vertically integrated Vision Benefit Middlemen (VBMs). Thats why >1/4 of Congress and leading patient advocates are calling for reform NOW. Learn more: https://t.co/ka45zoNOsg #VBMReformNOW#PatientsOverProfits@SenatorHick
@DeaconAlexisR@Handre The idea that barter system underlies economic activity is incorrect and is refuted in the book Debt, the first 5000 years. Spoiler alert: debt underpins the system.