Collapsing oil prices a sign global stocks will fall further

This bizarre scenario means sellers were paying buyers to take it off their hands because stockpile facilities across the world are nearly full.

“ tells me that equities have been buoyed predominantly by stimulus,” Pepperstone head of research Chris Weston told news.com.au. “The message the oil market is telling us is that we're not going to come out of this in a V-shape recovery,” he said.“We're going to see some troubling times for some period ahead, there's going to be quite a few companies that go insolvent from these levels, which is going to accentuate bad loans and losses in the banking space.”

The major bank is now expecting the Australian economy to suffer three consecutive quarters of retractions.

Of course they will fall even more if you tell everyone not to buy!

Suckers are always welcome

In January, you geniuses were telling everyone to buy:

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Oil price plunges below zero as demand collapses; stocks dipBreaking: Oil prices have plunged below zero as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it. negative $37.63 per barrel China stockpiling? Australia has a massive shortage of crude oil. Australia can now take the iniative to get our stocks up when they were left to get dangerously low by incompetent governments
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