Musclecar prices and the possible recession

[Crush]

The oil/ gas adds to the hysteria. I woke up today to watch my net worth drop again because of all the fake news widespread loss of common sense. Sheesh may have to go get a job or sell some cars

[Lee Stewart]

Originally Posted by Crush

The oil/ gas adds to the hysteria. I woke up today to watch my net worth drop again because of all the fake news widespread loss of common sense. Sheesh may have to go get a job or sell some cars

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

[Crush]

Originally Posted by Lee Stewart

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

My point is fake news drives panic and fear. The pace and frequency of “news” is like never before and that rhetoric creates a fake reality. It builds and builds this virus does not have people dropping like flies. Most deaths are folks that had underlying health issues. How many kids have died? Zero.

I like what Buffett said

“ We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

[70 copo]

Originally Posted by Lee Stewart

I wouldn't call Italy putting 16 million people under lockdown and Saudi Arabia dropping the price of a barrel of oil down to ~ $30 fake news.

The Dow is now down almost 2100 points.

It is not fake. It is the way it is being pitched to the public. It is called lying by omission.

Saudi’s and Russia are in a Petro dollar pissing match right now and Iran and the proxy war in Yemen is front and center. Every one knew this was coming when the talks broke down over the weekend.