Historically oil has been in a down trend for almost 20yrs, along with the trend current global conditions are removing demand from the equation with average expected decreases of 2 million barrels a day! To make matters worse supply has not decreased at all! Multiple oil producing nations are continuing production regardless of decreased demand and prices,...
THIS PUSH DOWN WITH EQUITY MARKETS AND COMMODITIES, IS JUST THE BABY BEING THROWN OUT WITH THE BATHWATER.
BUT THIS AIN'T NO BABY! ITS A FREAKIN BADGER!
NO STOPPING, NO PAUSING, NO CIRCUIT BREAKERS, NO BAILOUTS, NO STIMULUS! THIS BADGER DON'T CARE AND WILL KEEP ON MOVING TILL IT CONQUERS ALL CURRENCIES!
A parabolic runup cant last forever.
Filling the last of the gaps puts TSLA at $265.
Should you buy and go long? Does Tesla have good fundamentals? Will the economy hold and allow for growth again? Will governments bail everybody out? Is Trumps hair for real? Will aliens finally take over and end this mess? Will my son finally become potty trained?
Most people think in a linear fashion. Very few can comprehend the exponential numbers behind logarithmic charts. So keep in mind that the 1929 market crash and the aftermath is still a memory to some lucky few and still resonates with traders quite often.
The questions i pose are, have enough people forgotten the past so they may be doomed to repeat it?
Since Fall 2019 TSLA has put in some astounding higher highs. But is it fundamentals driving the move or something else? There have been numerous bullish openings to the stock price of Tesla resulting in upward price gaps. I know this is not the CME futures but might this be an indicator that prices are overheating?
Let me know your thoughts!