ancona
Praying Mantis
The DOW is acting freakishly similar to the period just before the Great Unwind. The Dow shot up well over two hundred points, then caught a slow downdraft. Now, it's down about 140 points from the open. That's a 400 point round-trip for stocks. Commodities are shitting the bed and oil took back a 45 handle. The Saudi Oil Minister made the outright statement that the point of this exercise is to break the backs of shale drillers, because they're digging too deeply in to Saudi pockets.
This is not going to end well. We're talking about a trillion dollars in credit and credit instruments tied up in projects that Saudi Arabia intends to destroy.
With the markets in total neurotic mode, shit is not looking good at all.
This is not going to end well. We're talking about a trillion dollars in credit and credit instruments tied up in projects that Saudi Arabia intends to destroy.
With the markets in total neurotic mode, shit is not looking good at all.