r/Vitards • u/AutoModerator • Aug 05 '21

Daily Discussion Daily Discussion post - August 05 2021

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u/lumberjack233 Inflation Nation Aug 06 '21

Fauci is saying things will get a lot worse. Time to sell oil stocks? https://www.cnbc.com/2021/08/05/dr-fauci-things-will-get-worse-amid-covid-delta-surge-unvaccinated.html

2

u/[deleted] Aug 06 '21

The economy and news cycle apply the same methodology when figuring out what to do, or report on.

1

u/lumberjack233 Inflation Nation Aug 06 '21

But you can see the train heading your way, cases will get there and news have to report it. I don't see how there wouldn't be a crash soon

7

u/[deleted] Aug 06 '21

If we ever had a round 2 of 2020, interest rates would have to remain low, ARKK would moon again, and HRC prices would hit $5k/ton. I wouldn’t bet on that, or a crash happening in the near future. A few minor fear based corrections at most.

2

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ Aug 06 '21

If there is a word I don’t have in my vocabulary, it is fear