• Adams Financial Concepts,  COVID-19,  Current Events,  Mile High View

    Oil 2020

    What would you say if someone offered to pay you $37,000 to just take one single contract for 1,000 barrels of oil? All you had to do is find a place to store it. That actually happened a week ago. All you had to do was figure out where to put ten tanker trucks of oil until the market got better, and you would have been paid to take custody of the oil. It doesn’t take a rocket scientist to know that demand for oil fell off a cliff. Airlines were cancelling flights and leaving their planes on the ground. People were being ordered to stay home and shelter, and…

  • COVID-19,  Current Events,  Mile High View

    2020: DOW Down 2,000

    Hello 2018. Yes, 2018, not 2008. The drop has been sharper, but it feels the same. Computers panicked! This drop has been caused by panicked computers, not humans. Between 60 and 70 percent of all stock trades on normal days are made by computers. They can read the news in a fraction-of-a-second, and they have a list of rules on what is good news and what is bad. When the news falls into “bad” parameters, the computers sell. They don’t just sell once, but many times, and they make money on fractions-of-a-dollar, and then cover their sales a short time later – wash, rinse, repeat. The algorithms are not built…