Posted on 12/12/2014 2:50:14 PM PST by John W
NEW YORK — A rout in oil prices shook financial markets Friday, pushing stocks to their worst weekly loss in two and a half years.
The stock market fell sharply as investors worried that slumping oil demand is signaling that growth outside of the U.S. is weaker than earlier thought. And while consumers and airlines will benefit from lower fuel prices, energy companies will see their earnings suffer. Some may even go out of business.
(Excerpt) Read more at tribtown.com ...
Not good for Houston.
I filled my car up with $2.19 gas. It will take awhile to make up for the $5,000+ I’ve lost on energy stocks.
This is so Alice in Wonderlandish. Cheaper energy helps any business that must consume energy in the process of producing or doing what it produces or does.
But I’ve long argued that the market as we know it today only distantly at best reflects how well a business is doing. Once shares are bought, a company only rarely buys them back.
Don’t forget the impact of energy prices upon other things that you buy, too.
China has been such a big consumer of energy, oil, and commodities in the last few years that something has to give. Plus the Fed has no idea how to wind down QE.
I have no clue where this is going.
It’s what they call six of one and half a dozen of the other. It’s unfavorable to those who sell wholesale petroleum, and it’s good for those who purchase that petroleum and turn it into value-added products and services. The thing to note in these stories is who is doing the complaining.
The energy producer market isn’t as big as the energy consumer market. Barriers have just been pulled down.
It can’t help that Congress is spending more and more and more. Taxes up. Mandates up. Regulation up.
Piker. I've lost $66,000 on energy stocks.
Oil goes down. Stocks go down. Gold and silver go down. Are any of these tied to each other? Or is it simply manipulation.
AP pretends the stock slump is related to oil price falls instead of Boehner's spending bill.
Very insightful - good point. Forces have been unleashed which are totally unpredictable.
Anybody who bought into the market knowing full well the feral government was pumping 85-billion dollars a month of "quantitative easing" into it to prop it up deserves the bloodbath they are going to receive.
The market doesn’t like uncertainty, but this will be a repositioning of money from the formerly hot energy sector to sectors that do better with low energy prices.
“Oil goes down. Stocks go down. Gold and silver go down. Are any of these tied to each other? Or is it simply manipulation.”
The economy is shrinking. All commodities go down because the average person can afford less of them.
Except it’s really not—there are way more petroleum users than producers. Lower prices are a net good for the economy. The only question is how much the lower prices are indicative of a slowing overseas economy.
Gosh, you are going to have to do some serious driving to make $66K in savings, LOL.
I sold a few that were mismanaged anyway. I’ll probably hold on to the rest. I know $5K isn’t much, but it is to me in the situation I’m in now. Some energy junk bonds might be worth looking into, what do you think$
Right in the timing line of the third bank-insurance bailout last night with the 300+ fall today.
Mortgage= death grip.
MORTGAGE =
MORT=Death
GAGE= grip
This is their New World Order based on theft death, Judas-ing the money bags. The anti-christing, what entered Judas.
They’re resorting now to gambling, and attempting to round up Mexican squatters, as the big three MORTGAGE death grips
1. houses/real estate
2. vehicles
3. Extortion-Care
are all failing due to final blows in U.S. economic power.
We see most of the new vehicles, not on the streets and highways, but in dealer lots unsold. Houses also. Notice the lost leached reasoning of the vehicle 0% advertising and non-stop usury-insurance advertising. Not much in durable goods anymore.
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