In case anyone is wondering....hey Mav, what kind of damage are we talking about here. Do we have any numbers to lean on? Why yes, we do. In the 1980's, during the last oil bust, 90% of all oil and gas companies, yes 90% went under. Over 700 banks went bankrupt and 9 of the 10 largest banks in the state of Texas went under. Sleep well home gamers....
Yesterday was a good day for homegamers partaking in the Fx fun. USDCAD textbook failure of the weekly & daily A up. USDJPY textbook failure of the weekly & daily A up.
These energy names are just getting taken out back behind the woodshed. How many days In a row can you drop 5% to 10%. Apparently a lot.