There's not enough news to justify another blog entry this early, but ..... I'm curious .... what are futures doing? Is there a chance the Dow will go over 30,000 tomorrow? Let's see where futures stand tonight. Generally, the 6:00 p.m. futures reflect the earlier closing action and don't reflect the trading for the next day. That we won't see until about 6:00 a.m. tomorrow.
But let's check: CNBC futures, 6:35 p.m. ET:
- Dow: pretty much flat; up less than five points
- S&P mini: ditto
- NASDAQ: up about 68 points
Over at CNN Business, 6:37 p.m. ET:
- Down: flat at 0.0000 change
- S&P: up 2 points, i.e., flat
- NASDAQ: up 57 points
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
My two cents: for those who have held shares in publicly traded energy companies through this debacle over the past four years, now is not the time to sell. I wouldn't recommend buying any energy shares right now except in peculiar situations, but I wouldn't recommend selling if you held out this long hoping for a turnaroud -- I guess that makes my general recommendation for energy shares, a hold.
Repeating: this is not an investment site. Do not make any investment,
financial, job, career, travel, or relationship decisions based on what
you read here or think you may have read here.
NoDak Gov just mandated statewide mask requirement and partial shutdown. Wonder how it will affect the oil patch.
ReplyDeleteYes, I saw that also. The roughnecks wearing masks will not be an issue. I doubt the state would shut down oil drilling. If nothing else, the industry would ask for a waiver, and they would get it in a NY minute, as they say.
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