Cramer ... says [oil stocks] are the new t-b-cco. Younger people are avoiding funds with oil. Ok, but they still seem to be buying huge SUVs. Cause and effect seem to not circle to the same point.
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@4bhi, Nearly everyone that you know has run out of gas in their car and been stranded? Wow. I'm probably a bit older than you and know no one who has been stranded from running out of gas. Not in the last 40 years anyhow. What kind of losers do you hang with? How far from anywhere is a gas station? Closer than a charging station, I'm pretty sure. There is no difference in planning the distance left by gas in your tank as miles on your electric vehicle battery so you surely must jest or just be an imbecile, as stated below.
Oil stocks are going down because people are selling their stocks and putting the money elsewhere. Still waiting for people to start buying oil stocks again. I just wonder how sustainable many of their dividends are in the meanwhile.
Oh @4bhi, you are an imbecile. And I’m being kind in my words.
I don’t know anyone who has run out of battery power. But nearly everyone I know has run out of gas and been stranded.
Wait until these “younger people” with electric vehicles get stuck in summer or winter traffic and their batteries die. They will then look for a gasoline power engine to supplement their batteries. LOL, these millennials cant see past their nose.
@1hqk, My thoughts exactly. If you can't stand the heat, get out the kitchen. Just be careful not to jump right into the fire, lol.
@1yqx, are you quoting “Bloomberg”? How one-sided of you.
There is no doubt that the sector is out of favor and unless the current trend on climate-awareness reverses, it is only going to get worse. You may have missed your best chance to sell CVX stock already.
Then you two should sell all your oil stocks and invest it in the next stock he is excited about.
https://www.bloomberg.com/news/articles/2020-02-01/tale-of-two-oil-giants-with-two-strategies-that-aren-t-working?srnd=premium
Bloomberg and the S&p 500 agree with him
Let's not begin to listen to Cramer. He is no more than a carnival promoter and gambling adviser for his own financial needs. He states opposite positions on different shows to ensure he is correct once.
Cramer.