Nikola

Halliburton: Oil Prices May Depend on Russia

It will be Groundhog Day all over again. We never learn. If we did, we would not have recessions every few years.

The best chance for alternative energy was blown with subprime and derivatives. Oil has to stay above $100 for a few years for the investment into alternatives to really kick in.

Now oil is at $40 mainly because demand is down. Once we get out of this mess (not so quick, but eventually), there will be demand for energy but not usable alternatives. And so people will use oil again. And oil will go up again.

In the mean time, do you see anyone screaming for solar and wind? No, it only happens when oil is expensive.

ProShares Short ETF Short-Term Capital Gains Distributions

I also nearly got a heart attack when I saw the price drop 25% on REW before I was able to figure out what happened.

I checked the chart but didn't see a major drop in the price last year around this time.

It's crazy people will have to pay capital gains in this market, instead of getting tax breaks for losses.

I am not sure about not holding them overnight, but I sure as hell am gonna be out of all ProShares cum next December. Of course, they could also do it at any time of the year ("once per year"), but, as our current President said... fool me twice.... can't get fooled again.