Seventy two percent of stocks are lower today, with gains found almost exclusively in utilities. Treasuries are moving higher again, as investors bet on the yield curve inverting.
Commodity related stocks are hammered into atoms, plunging 5-10% across the board.
Is this how we are to end 2015? Well good riddance. I’ve been offering second and third chances to this market, giving the benefit of the doubt, for two years now, only to be abused and disappointed in the end. Right now, I am getting poleaxed in my FCX and SN positions, not to mention the utter stupidity that is VRX–dropping because its CEO caught the cold.
Today typifies 2015 perfectly. It embodies everything that’s wrong with the tape, from false starts to the wrong stocks going higher.
If you’re heading into 2016 with a very bullish opinion of this market, you should have your head examined.
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Isn’t today last day for tax loss selling in the US? If so, I wouldn’t read too much into what’s going on. Tomorrow will be more interesting.
Today is just like any other day.
Co-founder/Chairman of FCX stepping down… not sure if this is good or bad.
u think ur funny?
Today is just the exclamation point added to the total loss of any optimism that once resided within me. I’m fucking tired.
http://www.laweekly.com/news/what-went-wrong-at-porter-ranch-6405804
nobody has said anything about the natural gas leak at Aliso Canyon that had been leaking for months?
is it not affecting supply at all?
“Gas has now been spewing out of the ground at Aliso Canyon for two months. The gas company expects it to continue for up to another three months. Methane is a potent contributor to climate change. By one estimate, the leak is producing greenhouse gas emissions equivalent to the tailpipes of 2.3 million cars.
The Aliso Canyon leak has increased the state’s methane emissions by 21 percent. “
only place I’ve heard about it is zeroedge