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Stock Market Under Trump
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(03-10-2020, 03:35 PM)HandsomeRob86 Wrote:(03-10-2020, 05:33 AM)The Real Marty Wrote: If you buy oil companies with strong balance sheets, I think in the long run you will be okay. But there will be a lot of companies that go bankrupt with oil at this price level and demand falling. I would be very cautious. With oil below +/- $30-$35 per barrel will cause many companies to go under. It also affects the banks since many of these companies depend on loans to operate. Banks are going to be hurting from defaulted loans as well as the interest rates being so low. In the long term you might be alright, but it's not something very attractive to me at this point. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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