Question for you psychopaths out there: how low can WTI go without hurting stocks? Clearly, the market is strong, unfazed by harrowing terrorist attacks, and domestic strife. I’m pretty sure a 10 mega tonne nuclear device can detonate over a major US city and stocks would edge higher, after getting a 3:30 ramp into the bell.
But look at crude.
It’s a very sick old man, ghastly even. All of the viagra that market has taken is missing in the flaccid action in the oil pits. That being said, does it mean anything to you that 2017 marks the beginning of massive debt expirations in the patch?
No. I didn’t think so.
Wait, WTI trading lower is good for Pokemon trainers who want to travel to new regions to find rare Pokemon, yes? Ok, I got it.
Fucking idiots.
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Market actually seems to like it. Maybe your models are broken.
The market doesn’t “like” it. The market doesn’t give a shit about it and believes it’s going higher once this fakeout lower is over. Stocks did the same thing with bonds when 30s where at 2.05%. Stocks just hover until other markets correct towards where they already are.
I would take your monacle, put it in my pocket, and walk away from you.