I remember reading about the negative oil futures at the time, and my recollection is that they went negative because there was sudden drop in oil demand and the negative futures reflected the cost of storing the oil.Thank you for replying. Fair enough. I might rephrase my common sense comment to perhaps to mean "life's experiences". I've been investing for 45 years and sometimes, just sometimes, trusting market price doesn't make any sense. Panic 80% drop and negative oil futures, in my "life's experience", was not rational nor sustainable. But because I'm a slow and steady index investor, throwing in the whole kitchen sink was and is never an option, especially in full-on retirement.Thanks. Don't mean to be bullying.
But it literally was not common sense.
Common sense is trusting market price, consequently by not trusting the market price you are categorically doing opposite of common sense
Now in Mar 2020, it was not clear how long the market was going to stay down.
Statistics: Posted by SB1234 — Fri May 17, 2024 7:23 pm — Replies 48 — Views 5432