This is serious. Coinciding with a 30% oil price drop, Aramco bad news as value drops below IPO. Saudis arresting their own "princes" mouthing off at the Ruskies.
Other supplier Iran could implode. Italy, always rocky, hit hard Lombardy Milan and Venice (again Venice)
Lebanon has defaulted. EU banks looking grim (Brexit will kick their ars again)
WPL $21.something - woodside was $32 couple weeks ago. $10 is 30% off share price. Oil Search same/same
Thorburn correctly warns of the bull trap. But you have to take some risk. No one rings a bell when the market bottoms.
You have to pick your own bottom
EEWW!!
This is a serious opportunity to buy well. Be aware the great depression of 1929 was still being felt 10 years later.
Grandpa talked of war spending putting money in circulation where no one had money before.
Be aware, use your charting skills Preserve cash, buy cheap. Don't panic - you cannot pick the bottom But you can value buy.
