Dow futures are down 80, after crude reversed lower–now down by 3.2% Bakken Shales.
European indices are following the Bakken Shale guys down the sewer, despite not owning any oil themselves (#fuckery), now off by 0.4% for the session.
Separately, this is a big week for stocks–with the Fed and BOJ meetings and all. If in fact Yellen and her band of idiots find religion and indicate “one and done”, we could be off to the races. However, if they point towards stubborn hawkishness, longs will likely rue the day their parents ever met.
If you enjoy the content at iBankCoin, please follow us on Twitter
Do nothing, the Fed will …
The Fed will say that it’s all “data dependent”. Roughly $2B of the US economy will be spent analyzing those words on TV and blogs.
So many countries are dependent on oil – Saudi Arabia, Russia, Canada, Iran, Iraq, South Dakota. These countries will pump forever because it’s easier to drill and pump than to create.
Locally, it looks like Houston is slowing down. And lots of Manhattan apartments are going no fee or offering one month free. Yellen is going to turn us into Russia West.