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US stocks slump to worst weekly loss in more than two years as oil rout continues
AP via TribTown.com ^ | December 12, 2014 | Steve Rothwell

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: oilprice; opec; stockmarket; yield
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1 posted on 12/12/2014 2:50:14 PM PST by John W
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To: John W

Not good for Houston.


2 posted on 12/12/2014 2:52:30 PM PST by 353FMG
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To: John W

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.


3 posted on 12/12/2014 2:52:34 PM PST by Rusty0604
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To: John W

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.


4 posted on 12/12/2014 2:54:05 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: Rusty0604

Don’t forget the impact of energy prices upon other things that you buy, too.


5 posted on 12/12/2014 2:56:12 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: John W

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.


6 posted on 12/12/2014 3:01:03 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: John W
Enterprise Halts Plan for Bakken Oil Pipeline as Prices Collapse
http://www.bloomberg.com/news/2014-12-12/enterprise-halts-plan-for-bakken-oil-pipeline-as-prices-collapse.html
[Bloomberg title and link only. No content from Bloomberg allowed on FR.]

7 posted on 12/12/2014 3:01:55 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: HiTech RedNeck

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.


8 posted on 12/12/2014 3:03:38 PM PST by SpaceBar
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To: SpaceBar

The energy producer market isn’t as big as the energy consumer market. Barriers have just been pulled down.


9 posted on 12/12/2014 3:04:54 PM PST by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: John W

It can’t help that Congress is spending more and more and more. Taxes up. Mandates up. Regulation up.


10 posted on 12/12/2014 3:13:55 PM PST by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: Rusty0604
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.

Piker. I've lost $66,000 on energy stocks.

11 posted on 12/12/2014 3:17:43 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: All

Oil goes down. Stocks go down. Gold and silver go down. Are any of these tied to each other? Or is it simply manipulation.


12 posted on 12/12/2014 3:30:34 PM PST by VerySadAmerican (My love affair with an abuser is over. Support a third party.)
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To: John W
US stocks slump to worst weekly loss in more than two years as oil rout continues

AP pretends the stock slump is related to oil price falls instead of Boehner's spending bill.

13 posted on 12/12/2014 3:32:05 PM PST by FreeReign
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To: Oldeconomybuyer
Plus the Fed has no idea how to wind down QE.

Very insightful - good point. Forces have been unleashed which are totally unpredictable.

14 posted on 12/12/2014 3:40:24 PM PST by BlackVeil ('The past is never dead. It's not even past.' William Faulkner)
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To: John W
The bull market has been a fraud, and everyone knows it.

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.

15 posted on 12/12/2014 3:46:30 PM PST by E. Pluribus Unum (Any energy source that requires a subsidy is, by definition, "unsustainable.")
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To: John W

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.


16 posted on 12/12/2014 3:48:47 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: VerySadAmerican

“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.


17 posted on 12/12/2014 3:52:24 PM PST by Born to Conserve
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To: SpaceBar

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.


18 posted on 12/12/2014 3:55:08 PM PST by 9YearLurker
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To: SVTCobra03

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 $5K isn’t much, but it is to me in the situation I’m in now. Some energy junk bonds might be worth looking into, what do you think$


19 posted on 12/12/2014 3:57:36 PM PST by Rusty0604
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To: John W

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.


20 posted on 12/12/2014 3:58:50 PM PST by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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