Don’t buy a single oil stock until you hear this (Ep. 644)

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 14 November 2018

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil prices fell for 12 straight days… Crude is down more than 25% from last month. You might be tempted to buy on this dip… but I suggest listening to my educational segment [47:31] first. I tell you which companies will reap massive profits over the next 12 months… and which will fall another 20%-plus. I also welcome back my favorite bear, Rich Suttmeier. Rich is a 40-year market veteran and founder and CEO of Global Market Consultants. Rich is one of the best around when it comes to analyzing the Federal Reserve’s balance sheet. He explains the major economic risks of a rising dollar… why gold stocks look attractive… and which Dow Jones stocks are strong buys following the recent market selloff.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:16.0	How's it going out there? It's November 14th.
0:19.0	I'm Frank Curzy host to the Wall Street Club Podcast, why break down the headlines.
0:23.0	End.
0:24.0	Tell you what's really moving these markets.
0:29.0	You're not sure if you're following this Amazon story.
0:34.0	So last year, around September,
0:37.0	Amazon announced going to open a second headquarters.
0:40.0	The current headquarters is located in Seattle.
0:42.0	So looking to open up in either U.S. and looking a little bit in Canada, not really, mostly in the U.S.
0:48.0	So you said, look, we're going to hire 50,000 workers, invest over 5 billion to the economy over the next 10, 20 years, wherever we go,
0:55.0	they laid out all the numbers.
0:57.0	You know, once they made this announcement, again, which was last September,
1:02.0	238 cities and regions applied to bring Amazon to their town.
1:08.0	238.
1:10.0	And think about that for a minute.
1:12.0	So the state you live in, probably the five largest cities
1:15.4	lobbied to get Amazon to open its new headquarters there.
1:18.2	So I live in Florida, it's like Miami,
1:20.6	apply, Orlando, Jacksonville, Tampa, I mean those are top four,
	...

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