Get ready for a hugggge move in oil Sunday night.... I'm thinking a 10% move in either direction after this meeting takes place... Going to be a huge market mover....
S&P and Dow are 3% from all time highs, Russell is admittedly somewhat more. At what point do they cease being "bear market action"? If they hit all time highs, surely you couldn't refer to the market as being in a bear market?
No deal on oil output freeze ....uh ughhhh To think the last $8-$10 rise in oil prices was on anticipation of them freezing output this weekend... If oil prices DO NOT drop over 10% I will be extremely extremely surprised
Thinking about it....watch oil drop only 1% tomorrow on this news but if the freeze would have taken place oil would have rallied 12%
Oil down 6%%%%%% Just as I said on Friday watch for a big move in oil....I'm looking for a 10% drop tomorrow.... Should make for some major volatility