LOL @ the indices. Most stocks on my screen are down 3-5%, yet the Dow is barely changed. Despite the emotionally charged title of this post, I am trying to look at this decline in oil as something that will pass. Clearly, there has been some extensive damage in the commodity space, due to the strong dollar and good weather. Up until recently, this carnage escaped oil, thanks to the friendly cartel folks in the middle east. But now it’s all coming to a head and oil stocks are getting the business.
My raw commodity index is getting smashed to pieces. Very simply, you cannot be overweight any of these names. You can add them as part of an allocations–but that’s about it.
Some people say this is a good thing, as prices for commodities fall so do input costs. While this might’ve been true 20 years ago, this global economy is fueled on oil money. I’m afraid if that money dries up, so would liquidity.
Today is a very somber day, a day of extreme reversal. There were plenty of gains this morning and now it’s all turned to rust.
I wish I still owned my utilities.
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That money will have to go somewhere. It will not be sitting in cash.
Nasdaq 100 flat on day and the indices are barely down.
also hilarious
cheap prices at the pump mean the poor folks get raises.
yes, but at the expense of rich folk. Who do you think this market is led by?
the machines?
…for the benefit of the rich.
PNRA is up
PNRA is good stuff.
sometimes you just gotta let them lick the crumbs off the plate before going in the dishwasher. prevents clogging.
You mean, poor folds “gets”, not “get”.
Indeud
Tear away jersey rip higher into the close. Anyone remember the tear away jersey?
BS called it 🙂 hat tip
TLT really htting the bed today
2014 has been the hardest market in years. Anything with leadership can get chopped to pieces in an instant whether it be stocks or sectors
somber day!? nonsense, son … the King lives! KING DOLLAH that is ! 😛
Big fail by shorts today. It’s coming.
Rip roaring. Lord almighty
Oil money doesn’t dry up. It goes to WMT.
Are we going to see a big up day tomorrow? Looks lik it will be the case
This is the screw-both-sides phase
Indexes hunky-dory
Underneath wants to go down
But. Indexes hunky dory !
Showtime – it’s a ‘mechanical bull’. The bull market that somehow shakes everyone off…
nice!! mechanical bull.
Yinz buy and sell too fast – Impatient mutherfuckerz.
Have we destroyed the Russian war chest with this dollar rally yet?
FSLR blows
Hey Fly, you never answered my question.
Yesterday someone else tried to offer his services but never showed up with a CV.
So come to me, don’t make me come to you.
Commodity super cycle is dead. Chinese are restructuring their economy from industrial engine if the world to consumerism. Houston (where I live) may be the next Detroit. However, buy nat gas for the winter & long term.
It is not dead. I plan to invade some Baltic states and then watch out what will happen to the price of oil.
Many people like you already cried badly here. Don’t make easy things difficult.