Something happened in the stock market that has never happened before and that is the price of oil crashing and going below zero into negative territory.

Everyone was immediately excited by this thinking, "I can get paid to buy oil", or "gas at the pump is going to be free". All of these fallacies couldn't be further from the truth. In this podcast I detail what oil contracts are, why, negative oil prices only lasted for a day, and why you take on infinite downside risk when you start buying oil thinking you might get paid for doing so.

Everyone is trying to decide for themselves right now whether the stock market bottom is in or whether there is more downside to go.

In this podcast I talk about the concept of buying into fear, the crowd mentality towards buying this stock market crash, the potential this is just a dead cat bounce and we go lower, and simply explaining the current nature of the stock market and how I am approaching it.

You might be getting $1200 from Uncle Sam but what has unfolded over the last couple weeks means you've been royally screwed by the federal government.

The biggest wealth transfer, further deteriorating the existence of the middle class, and expanding the wealth gap between the rich and poor was pass by both parties and signed into law this past month and further exasperated by the unchecked power of the Federal Reserve.

It is amazing how little financial knowledge exists with people when it comes to the stock market but nonetheless, people stuff their life savings into it, and only get interested when they are seeing a 30% drop like what we are currently seeing right now.

The sad part is, because they really don't know what they are doing they rely on financial advisers, who really don't know much either. Instead they endure painful draw downs that could have been avoided. It is time that you took control and became more literate with the the stock market, because no one will ever care for your money as much as you do. You need to learn how to plan, how to manage risk, you need to invest in your money just like you do with your own hobbies and adventures. That way you don't have to be held hostage to the whims and ways of the stock market.

Today the stock market suffered its worst sell-off since the October 19, 1987. The Dow Jones Industrial Average dropped by 10% today, and right behind it was the Nasdaq and S&P 500. People are panic selling as a result of the Coronavirus that is affecting the world. There is a lot of risk and politics is once again at the forefront of it all. In this podcast episode I discuss how you can weather the storms of this stock market and how your success will ultimately come down to you remaining calm and managing the risk in your trading and investing.