10baggerbamm : there's no logic to it if you listen to Trump and you look at where prices were when Trump was President relative to today it doesn't make any sense because he's going to be drilling he's going to do what he said he's going to do you can't dispute that oil prices were in the low 40s and yet The leverage ETF that's pegged to oil prices which are down $4 right now since the election is getting killed. every other Trump trade is going through the roof his biggest Trump trait is oil and even though he hasn't taken office yet it's down $4 and the ETF that's geared to appreciate go up in value an oil falls is dropping and I can't figure it out I'm beating my head against the wall like what the hell am I missing. the major oil companies during Trump were terrible investments because the price the commodity they sell was down significantly in value. it's the same reason why everybody bought the big gold mining companies when gold went through the roof because when gold goes up that's what they produce their profits go up well when oil companies suffer the fate of lower prices I don't care how many holes in the ground they drill they're making less and their stocks fall and that's what happened the first time around but yet right now it's not happening and I can't figure this shit out it doesn't make any logical sense

光辉岁月888 OP 10baggerbamm : we can't read too much into the news. big trader control price movement to a larger extend and it's difficult for small investor like us to predict the future.

Ppeach : Yes, long-term arbitrage mainly depends on short positions.