Crude dropped at resistance picture perfect today, so that is some BS. Either someone knows something or they ran the stops to get a nice long position on. Time will tell......
haahaha, this is getting better by the minute. Just last week oil was trading higher and guess what the market were higher as well. These are just lame excuses to show that the market is selling off.
Reality is the selling is increasing in order to lock in unrealized gains. Complacency is eroding. We are heading lower for the next several days to weeks.
going to be interesting to see where the markets close tonight. IF we close down hard I think we should expect a follow through into tomorrow. Its been a while since the markets have put a 2-3 day selloff in.
theme of 2006 continues: bad data. the words "inflation", "slow growth ", and "tanking housing market"by the fed... (fine - they didnt use the word tank but pretty close) bonds go up to price in recession dollar gets dropped to price in recession commodities rally markets rally the only one that doesnt make sense to me is the market...like who is it, big money wise cause thats really what will move the market, could possibly be inspired at this point??