@ekwufinance Fuel prices at the pump are at $150 levels. Refineries working at max capacity cannot take in more crude, creating a lagging effect for crude demand. Russian refineries down +40%. Coincidence?
@aeberman12@ericnuttall Start of war: Ukraine starts targeting Russian refineries intensely. Result: people at the pump pay $150 gasoline prices while a barrel is still $85. Third shock absorber: Demand destruction because refined products are at ATH.
@CoffeeStocksGuy Disagree, many signs that the market was overheated. "The I'm gonna be a millionaire $-eyes". Reports with extreme warnings. Low breadth , higher highs. It was time to sell, I couldn't...
@pitexrmaen Panic sold 40% @ 86SEK. Wish I sold everything when I was feeling uneasy. Always the same thinking pattern when something is mooning. Just sell half and buy back later.
@Gfilche@grok In Belgium, you get at best a 3% rental rate. Then add all the costs... Sold my house to buy stocks but had to wait 5 months till closure, illiquid. The opportunity cost of owning a house is just too big.