Oh, and a chart. This one belongs to BP. I'm glad I stayed out of oil, but I envy those who are shorting BP directly. I won't do that, though. It only took me one mishap with futures contracts in the grain markets many years ago for me to discover a very important equation. Einstein ain't got nothin' on me with e=mc squared. Check out MY genius:
trading on margin
dissociative rabbit hole
+____________________
MARGIN CALL!!!!!!!!!!!
Brilliant, ain't it? I might wait for a little rebound and then short oil via an inverse ETF, though. We'll see. Perhaps I am well enough off trading the major indices.
British Petroleum daily chart in a one month frame:
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