Oil in serious trouble . Hit $20.93. Zero demand and crash prices . A lot of co's won't make it to the other side
That's the plan, burn the minor producers to the ground, and then come to an unwritten 'agreement' with the large few that survive - who will voluntarily stick to a production quota going forward OPEC++ ..imo
Cramer after being cautious and bearish during this whole massive rally threw in the towell basically yesterday saying yeah things look better now. After a world record 30% gain. The mkt made him and all the others capitulate