Posted on 01/13/2015 12:18:16 PM PST by John W
NEW YORK (MarketWatch) — The Dow Jones Industrial Average traded in a 400-point range, turning a 280-point gain into a 120-point loss at session lows, with losses registering across the board.
Traders attributed the morning surge in stocks to mostly short-covering action, especially exchange traded funds, noting that volumes for individual stocks were light. As oil prices continued their slide, stocks came under selling pressure once more.
February U.S. crude CLG5, -0.56% fell to about $45 a barrel, down 1.3% to a six-year low. The latest decline came after the United Arab Emirates oil minister, Suhail Mohamed Faraj al-Mazrouei, said the Organization of Petroleum Exporting Countries would stick to its decision to hold oil output static, regardless of current oil prices.
(Excerpt) Read more at marketwatch.com ...
I’m dying here.
As much as I love seeing gas at 1.65 per gallon, I don’t even wanna think of my 401(k) losses tied to stock.
/johnny
The only solution is to print more money, and give it to the Soros Group-connected Bankers and Billionaire Oligarchs!
It is finally dawning on the big investors that the oil price collapse is indicative of a world-wide demand collapse.
Why is it not all over the news like the “18,000” dow was?
“Why is it not all over the news like the “18,000” dow was?”
DUH....
It doesn’t help further ANY Democrat Agenda, silly.
Wallet shut down.
And so what’s the next Extortion-Exaction-Care Quasi Insurance Banking crime scam?,
MBS paper scam
QE give away scam
Extortion-Care Exaction Crime
April 2015 Exaction-Crime
The week it was running up to 18,000 it was all over the news. The week before it was collapsing from “almost 18,000”. I noticed THAT week that it wasn’t news.
It’s kinda funny to those of us that pay attention.
All economic news is good news for some, and bad news for others. I have a 160 mile round trip commute. This is good news for me - as long as it doesn’t cost me my job.
Losses? The DOW is not that far from its all time high. Some people need to get a grip. When it falls 2000 points then don’t look at it. :-).
Investors seem to be focusing on oil but almost all industrial commodities are declining in price. Worldwide demand is down because the world’s production of hard goods is contracting. Despite the Feds monetary interventions , the stock market is beginning to decline to reflect the real deflation and contraction of economies that is occurring worldwide.
Sir I love you tag line thank you I miss her and what a cool way to be reminded of her i am touched thank you how long you had that up ?
Sorry, the Dow is now up again.
Look, there it goes!
And oil turned positive late today too . . .
Ooops, it’s down again! Six minutes left, place your bets now, ladies and gentlemen!
bm
I put it up this week.
I see your tag and think how cool your mom must be. Now that I see she has passed - how cool she must have been.
Love that.
Changing tagline
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.