2 ms·
> (durr, airlines will probably go back up, casinos will probably go back up, cruise lines will probably go back up). Don't forget the mother of all obvious pl
by dragontamer 4y ago
> (durr, airlines will probably go back up, casinos will probably go back up, cruise lines will probably go back up).
Don't forget the mother of all obvious plays.
"Maybe crude oil's true price is higher than -$40 per barrel" (yes, negative dollars).
EDIT: To be fair, oil traders got burned in the short term by calling the bottom at $10, $5, $0, -$5, -$10, or -$20. Showing the complications around "calling the bottom". Yes, it turns out, that the price of oil can collapse to spectacularly low values. Still, the price of oil did in fact recover above these levels, so buying oil at any of these entry points would have netted easy wins over the next couple of years.