By LOGAN MERIWETHER, student reporter
The CNBC channel in the pickup stays on loud enough to drown out the wind passing over the cab in the feed pickup.
Top financial advisers uttering words like, “Worst financial crisis in decades,” sound out from car stereos, home radios and computer speakers to listeners across the country, particularly reaching the ears of Stan Bixler while he is out on a regular round of feeding his prized cattle.
“A man of few words and many thoughts,” is how his son Clark Bixler describes him.
Stan Bixler has spent his life developing the best method of raising show cattle and manipulating the stock market to make the highest profits possible in both endeavors.
Still the Bixler Ranch in Waynoka has had a rough year. The cattle markets went down late last year and are still recovering with high day-to-day fluctuations. Even the more mature livestock are worth less than what they were about 10 years ago.
Not only that, but Bixler’s investments into the markets on Wall Street have dropped lower than ever before. The stock markets plummeted earlier this year and are still having major fluctuations as the corona virus pandemic worsens.
“According to CNBC, the signs are pointing to a bear market that could last up to a couple of years,” Bixler said.
He says he has spent a lot of time thinking about how he will make it through the year, mostly while driving in between pastures with the CNBC channel on SiriusXM Radio. Working through problems in his head is what helps him feel better.
And even though it seems like the world may fall into a financial crisis that could cripple the economy for years to come, the cattle have to eat and the best time to invest is when the prices are low.