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OIL CONTINUES TO THE DOWNSIDE, WHAT's NEXT?
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Oil has been in the news a lot lately. Gas prices have been falling alongside oil prices and the pundits and analysts appear confused as to why the price declines are happening. The answer is actually quite simple… deflation.
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
after ICE shuts off the HFTs on Wednesday ('bout fucking time), oil could bounce - don't think it will be that significant
Semperfi - You nailed it on the question.
"HOW CAN THE S&P 500 sustain itself with OIL at multi year lows? "
The question you should be asking instead is: "how will the Establishment spin the oil slide to make it appear to be an S&P500 booster?"
How's this for spin?
Cheaper oil = cheaper everything that depends on oil, including gasoline = more consumer spending and saving = stronger economy.
I'm buying the "spin".
And to answer the question "Oil continues to the downside, what's next?", even lower oil prices and good times for 99% of America.