https://x.com/MattZeitlin/status/1787912026813026714
Israel and Iran bombed each other like three weeks ago and now oil prices are low enough that the SPR is looking at buying https://t.co/cBYJybOQrM
— Matthew Zeitlin (@MattZeitlin) May 7, 2024
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Always bet on Sal
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Praise Fukuyama!
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I get this post is about a commodity, but more broadly speaking, people often forget that markets tend to trend up (and almost always trend up over longer time horizons) because money is constantly poring into mutual funds, 401ks, etc.
I consistently reinvest 20 percent or more of my pay each week. Most people I know invest at least 10 percent. This is a flood of money continually hitting the markets.
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Snapshots:
https://x.com/MattZeitlin/status/1787912026813026714:
ghostarchive.org
archive.org
archive.ph (click to archive)
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3.3m barrels ain't that much big picture.
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