CRUDE PLUNGES TO $27s BECAUSE YELLEN IS A COMPLETE MORON

Crude was almost $29, before Yellen’s prepared remarks were released, indicating the Fed chief is probably more interested in the menu items at her local deli than the capital markets.

Futures have been cut in half. Treasuries are firming and oil is collapsing to the low $27s.

Don’t worry, however, the drop in crude is ‘transitory’, as Janet likes to say.