It’s hard to sustain any sort of bounce with oil knifing lower. On the day, we are hitting new lows in the oil market with price firmly below the lows set back in 2009. Here’s a 10 year monthly view:
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The market is hungry for more bankruptcies.
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The market is not hungry for more bankruptcies. I don’t know where iBC gets their info. StokTwits, Twitter, 12631, PPT and other financial blogs if I had to guess.
In other news Nasdaq leading the way down is the true correction we missed in August. I wanted -5 to start off the year but now it I looks like we are headed for a recession. Then all bets are off.