Chicago Boyz Morning Market Report
Posted by Jonathan on January 6th, 2016 (All posts by Jonathan)
DJIA – down 225
NASDAQ – down 48
LMT – up 0.7%
NOC – unch
OA – up 0.7%
RTN – up 0.4%
Unexpectedly!
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Posted by Jonathan on January 6th, 2016 (All posts by Jonathan)
DJIA – down 225
NASDAQ – down 48
LMT – up 0.7%
NOC – unch
OA – up 0.7%
RTN – up 0.4%
Unexpectedly!
January 6th, 2016 at 2:23 pm
Crude oil is getting pummeled. The Saudi’s are going to run out of Shia clerics to execute keeping the price out of the 20s
January 6th, 2016 at 2:31 pm
Let those silly Saudis and Persians have their tantrums. We can safely ignore them and the rest of the ME, since as everyone knows oil prices are declining only because the world is moving inexorably to wind, solar and other renewable energy sources.
January 6th, 2016 at 6:31 pm
Dumped all the stocks in my 401k into money market and government bonds last night.
Just fleeing to safety!
January 6th, 2016 at 9:09 pm
“because the world is moving inexorably to wind, solar and other renewable energy sources.”
Sure.
January 8th, 2016 at 7:57 pm
I don’t worry about low oil prices staying low for long.
Remember Say’s Law – supply creates demand.