{"id":50488,"date":"2020-04-30T13:45:31","date_gmt":"2020-04-30T17:45:31","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=50488"},"modified":"2020-04-30T14:14:09","modified_gmt":"2020-04-30T18:14:09","slug":"why-did-oil-hit-minus-37-a-barrel-docusign-booms-the-new-hit-coronaview","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=50488","title":{"rendered":"Why did oil hit minus $37 a barrel? DocuSign booms. The new hit CoronaView."},"content":{"rendered":"

DocuSign is the greatest.<\/p>\n

Claire sends me a DocuSign doc. I receive this:<\/p>\n

\"\"<\/p>\n

I sign it. It takes s full 15 seconds.<\/p>\n

DocuSign gives me an “attaboy” with promo:<\/p>\n

\"\"\"\"<\/p>\n

In the old days, Claire sent me a PDF, which I’d print, scan and email back to her. At least 15 minutes of nonsense and wasted time. Not to mention the begging and praying necessary to my antique country printer to print.<\/p>\n

Now, when it’s signed by all the signees (including Susan), everyone gets an email:<\/p>\n

\"\"
\nMeanwhile DocuSign has been a huge performer this year. I’m up over 100%.<\/p>\n

\"\"<\/p>\n

I’m taking my Docu profit off the table. I’m learning. Look what happened to Zoom:<\/p>\n

\"\"<\/p>\n

Many “hot” stocks are very volatile. Rule: When they’re up a bit, take a little off the table.<\/p>\n

Want volatile?<\/p>\n

Wait till we get GDP figures for the second quarter.<\/p>\n

Impressed with Fidelity<\/strong><\/span><\/p>\n

They really do a good job. Their people are superb. Their Active Trader Pro is great.<\/p>\n

With everyone else, I’m still on hold. Fidelity answers their phone.<\/p>\n

Believe it or not, Nordstrom told me on their customer service line last night that the wait was “over two hours.”<\/p>\n

Why did oil trade at minus $37 a barrel?<\/strong><\/span><\/p>\n

Imagine the following scenario:<\/p>\n

You pay $500 today and commit to receiving an escort at your house in 15 days because your wife is traveling. This is called a Futures Contract.<\/p>\n

Unfortunately, quarantine comes and you are locked down with your wife at home for the next 60 days. This is called “now you are screwed”, and you cannot fulfill the escort’s Futures Contract.<\/p>\n

You do not want this woman to show up at your house. You desperately try to find any one of your friends to pass this futures contract to, any neighbors or, anybody… but you find no takers because now everybody is under lockdown with their wives.<\/p>\n

Further you cannot sell this escort commitment because nobody can take delivery of the girl and there is nowhere to store her. Nobody can receive the escort at home anymore. Everyone is in full storage.<\/p>\n

To make matters worse, not even the pimp (the Chicago Mercantile exchange) who sold you the escort girl contract has more room to receive girls because their house is full of girls out of work under lockdown.<\/p>\n

So now you will pay anyone just to take the girl off your hands.<\/p>\n

A friend calls and says he will take the girl off your hands but you must pay him 37 dollars to take the girl.<\/p>\n

This is called negative price when you deliver the girl that cost you $500 to the willing buyer and pay him 37 dollars to take delivery.<\/p>\n

This in a nutshell what happened to the Oil Futures Market last week.<\/p>\n

What retailing has become<\/strong><\/p>\n

Buying pajamas from Lands End. On sale, too. Good stuff. They have pockets too.<\/p>\n

\"\"<\/p>\n

This makes sense even more after oil traded at minus $37 a barrel (see above)<\/strong><\/span><\/p>\n

\"\"<\/p>\n

Here’s a little song that sums up our joint plight.<\/strong><\/span><\/p>\n

Wasted My Day Away in CoronaView.\u00a0<\/strong><\/p>\n

It’s cute, clean and funny. The kids will love it.<\/p>\n

\n