Just to much of the black stuff around while Europe, China, Russia and Japan all go down the drain - economy wise. If you don't have oil demand (in usage) the price of oil will free fall throughout 2015. USO headed for low teens in January.
and Obama just landed in Hawaii which is just around the corner from North Korea. Feye should so well this week and wouldn't be surprised if Staples CEO is doing some "huge deal" with FireEye right now for future cyber security protection.
Think gold could easily drop $20 tomorrow since the Fed is on board not to raise rates by summer.
and I mean no one, unless you like losing money betting the Fed says its business as usual tomorrow. Nope that's not going to happen as the market drops maybe 300 points plus tomorrow.
Asian shares slipped to nine-month lows on Monday as oil prices sank to fresh 5-1/2 year lows on concerns about a supply glut and slower global growth, hitting stocks of energy and commodity producers and exporters.
Sorry oil longs but you placed the wrong bet for next week. And with Asian markets down and "red" across the board don't expect a big move up in U.S. stock market tomorrow. if anything market will be flat tomorrow as oil and gold both drop. Oh and should I also mention there is no floor yet for gold - not anywhere near until a barrel of oil drop to around $45.
and may go lower once the Senate passes the whole budget bill. Obama can't wait to sign budget legislation and it will be on his desk by late Friday to sign. Tvix going to fall hard tomorrow so get your hard hat out.
many thought the Dems would not go along phony Republican budget bill - but the vote when through, Now no government shutdown for a year and the market will love that news. Spy going to jump tomorrow as everyone in Congress now all smiles.
and in your gut - you know the same thing is going to happen to U.S. stock market. Best to jump you long Spy position before you lose everything.
UCO now free falling to new 52 week lows daily. No bottom in sight especially with Saudi Arabia pumping oil to the max. Don't touch UCO or USO until late next year since oil will drop well into 2015 and then flat line for months on end. Even if you do time the bottom oil won't go much higher since its every where now in mass quantity and as you know - the good old USA has more untouched shale oil then Saudi and Russia put together. Throw in Canada's oil holdings (though expensive to produce) and you could see oil under $40 a barrel for years on end.
ECB won't cut rates this month and probably not in January. Sure gold bugs had a good day to day but tomorrow gold could easily drop 5% on weakness alone.
Massive hit. Now its obvious with Europe, China and Japan all in major decline - the U.S. will follow.
Down she goes.
Kerry should be proud - A Twitter account associated with Iran's Supreme Leader Ayatollah Ali Khamenei said that "arrogants" had failed to bring the Islamic republic "to its knees" during nuclear negotiations. Can't wait for more bogus negotiations and extended rubbish.
Israel will move sooner they anyone realizes. Why not strike now while ISIS is raising havoc across the middle east. Use ISIS as a cover and do your business with Iran. The Saudis are actually closer to Israel on this matter then anyone else since Saudi Arabia can't stand Iran and see's the country as their mortal enemy. Maybe in the near future we see a Israel - Saudi Arabia simultaneously attack on Iran. Now wouldn't that "shock the monkey".
df2830 - you sound like one of Putin's little female gymnast who visits him late at night for a frolic. As I remember it - there used to be a East Germany that was controlled by the Russians. In fact Hitler (little Putin) was stationed in East Germany when the old Soviet Union controlled it. Germans don't like Putin - never had. In fact the Germans killed hundred of thousands Russian soldiers in WW II. In any case get ready for Merkel to tell Putin - "He's now in Major Isolation all by himself".
Kind of like yesterday's meat loaf. Wonder how the Republican controlled Senate act on Obama's DOD replacement? Maybe the hold up the decision until they do away with Obama immigration move.
always good to show strong leadership in a time of world crisis.
Germany either spends billions of Euros to strengthening Nato, or say good bye to East Germany again. Its Merkel's call but you know she's leaning towoards taking Putin head on, versus kissing his KGB behind. All out war in Ukraine next week and first week in December more Russian sanctions coming. Ouch
You Got It. Question is though does Bubble pop this month or next. Hard to tell since its so over blown, stretched so thin and rate cuts just make things worse. Soon China looks like Japan except for a crashl into a rate cut bottomless pit.