Sep. 11 at 8:43 PM
$USO $QQQ $SPY $DVN $CHRD
I like oil at
$100, and the broad market seems to be fine with it also. WTI at
$100 isn't the disaster many have made it out to be. Adjusted for inflation, it's only
$75 in 2018 dollars. With the tech companies hiring H1B and OPT visa holders so they can pay them half the rate of American born tech workers and work them ridiculous hours, their profits are soaring, even with
$100 oil. I absolutely hate this trend because I have a son with a BS in Computer Science who can't find a job, but if that's the reality that I can't change, I might as well make money owning tech stocks through index funds. And if oil would just stay in the
$100 range, in the years ahead it would have a minimal impact on inflation and I could finally get a decent return on the oil stocks I've had for several years. If Trump wants to reduce inflation, he should cut government spending to balance the budget, and stop trying to drive oil prices to levels that hurt American oil.
