That’s a headline you won’t read anywhere else.
Nigerian rebels are wreaking havoc again, running about the countryside, generally messing with oil production. As such, Goldman is out with a boolish note on crude, due to sudden supply constraints. With crude jumping, stocks, slavishly, are following suit.
It’s very amusing to see everything so interconnected.
Biotech is a notable standout, thanks to the ANAC deal. Financials and retail are lackluster.
As long as crude remains strong, it’s hard to see how the market can sell off today, especially after last week’s sell off.
Thank God for those Nigerian rebels, coked up, turning their oil fields into a shooting gallery.
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Buying on Nigerian Rebel Headlines is like selling on Ebola headlines.
+1 ^^^
With the apparent leverage on the stock markets that these Rebels have, it’s easily worth it for a wealthy investor to pay the Nigerian rebels to attack oil infrastructure. That’s how how you know the move is overdone.
Instead of a rate hike by the FED, the US can just fund the rebels to keep stocks up.
Assuming we’re not already doing so indirectly. The U.S. sells arms to just about everyone and their brother and sister. And some of those arms do end up in terrorist hands, though that was not necessarily the original plan.