Posted on 01/25/2016 5:26:38 AM PST by John W
Stock futures pulled back from last week's big rally after a slide in crude oil prices resumed.
Crude oil prices continued to spiral lower on Monday after a 9% jump to end last week. The turn lower on Monday was tied to comments from Saudi Arabia's state oil giant, Saudi Aramco, suggesting the company is continuing to invest in oil and gas projects despite global oversupply. West Texas Intermediate crude oil fell 2.8% to $31.29 a barrel.
(Excerpt) Read more at thestreet.com ...
dead cat bounce last week?
ping.
No the governments dumped money into the market to prop it up, tens of millions of Euros.
LOL - dead cat prop up then?
I don’t know about you, but I wouldn’t short oil at these levels.
Not for a moment.
I have long thought that is what happens here. The market goes down and the Fed QEs (but we can’t call it that now since the end of QE was proclaimed) Wall Street. I can’t guess whether the Financials are ordered to buy stock with it or if they do that because there are none to lend it to.
Each time it gets thrown down it bounces less. Pretty soon it just goes SPLAT. I can hear it warming up now.
Ever hear cow crap hit the ground?
Yes, and I have now stopped eating my snack. Thanks.
From news reports: U.S. stocks extended losses within the last hour of trading Monday afternoon, as a deepening rout in oil prices weighed on energy and materials shares.
Stock price decline has nothing to do with oil prices.
The price of stocks was inflated by QE, now that QE is over commodities and stock prices ate correcting after a 7 year binge
Thanks Arthur Wildfire! March.
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