Basically following oil as an excuse not follow through on rallies. It is funny that keep reporting oil drops in %. When it was at 90$ a 3$ move didn't make anyone notice, now a $0.50 move grabs headlines Or the market is punishing Auntie Yellen for taking the easy money away. Apple and FOMC are both next Tues I think
I don't think they would want to admit they were wrong after all the drama leading up to this hike. That would be a lot of crow to swallow. I definitely see either announcing some type of QE or very reassuring language that they will not hike rates 4x this year. Although nobody wants to be blamed as the person who sent the economy into recession
Anyone ready for a 30-40% drop because its going to happen.... Fed has nothing left to fix these already broken markets...they will lower rates and eventually go negative... QE4 coming all while the global markets lose trillions of dollars and markets continue their fall......
QE as I said a million times over never worked and will never work....QE made these world economies worse and its going to be proven in due time.
You've been buying UWTI since it was $2.80 and it touched 14 cents today. Who the hell cares what our "average cost" is when you are basically flushing money down the toilet and are too proud to ever take a loss.