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WTI Crude Plunges 5.25% - Biggest Drop In A Month
WTI crude has retraced 50% of yesterday's ridiculous gains and is now down 5.25% from the NYMEX close yesterday. It appears everything is not so awesome again...
and energy stocks are collapsing back to credit reality...
and USO catching back down to Oil VIX...
Charts:Bloomberg
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And gold is now "unsurging" losing over 100% of this morning's surge.
speaking of plunging...have you seen my opponents' recent poll numbers ?! Let's make America great again !
I was watching it yesterday and wondering where they we're going to land that pink flying pig.
10% day over day swing trade - somebody made some $$$
Yeah....and somebody lost some too.
yup, some pigs got torched.
I'm disappointed, I expected a pump to the $50%-$55 range to make sure of a complete shearing of the sheep......
I didn't know Pink Floyd was still touring.
All this collapse foreplay
Efficient markets. Isn't that what you paper shufflers preach to keep from sucking on a tailpipe? Looking more and more efficient every day.....
Are the markets having a cardiac arrest or what?
Regards,
Cooter
In an hour, Europe closes. By then, everything will be turning awesome once again.
BTFDUTEOTWAWKI.
Ah, Until - very creative addition to the acronym universe connecting two different acronyms. I like it.
Agree with the philosophy. Make fiat while it has "value", as long as you are saving real, physical assets.
kevin henry studying for his series 3? WTF is taking him so-long to hit F5 on this market?
Who's got 2 thumbs and went short before close yesterday...ha winna winna chicken dinna!
Well, time to pack up and head back to that GOM oilfield. I'm sure we can find some broken/crumbling sub-sea pipelines to repair.
Strange that I am doing exactly that as I am typing this boattrash. Working for team orange out of Fourchon.
Cool, I haven't worked for team orange before, (was at team blue for several years, HGIM). I've been gone from there for 1.5yr, and still don't miss it at all...
Impossible to invest in this market.
Share surging and collapsing and surging......................
Oil surging and collapsing and surging......................
Gold all over the place.
If you can do so, get out and stay out until there is a greater degree of certainty.
So gambling in a manipulated and crooked casino is "investing"?
Yeah, okay, got it.
The benefit of the considerable doubt has run dry.
You get my drift.
Market? What market?
Sniff Sniff....So youre saying you went long oil at $49/bbl and got burned??
Proven way to improvei investment skills https://www.youtube.com/watch?v=RRfbrLg_w6g
Because 5%-6% moves in the World's most important commodity in one day means stability and liftoff of the recovery are here!
Green shoots and mustard seeds Kudlow! I can see them! All is well!
Awesome!
Is this what is known as price stabiliteeeeeeeeeeee?
Depends on your range of values and timeline...
And besides going into Syria, Putin introduced legislation to eliminate dollar use wthin the Eurasian sphere.
http://www.examiner.com/article/putin-introduces-legislation-to-end-dollar-use-eurasian-countries
Dovie'andi se tovya sagain (It's time to toss the dice)
The Daily Economist
Bitcoin travels with the rise and fall of the market now. The good news is that it has a delay after the futures fall.
Shh Tyler, quit pointing it out!
Shiller says earl may drop to $20 due to how Robust Barry's recovery is.
Barry's asshole is not robust......
Now the mouthpieces from the IMF are mouthing off about things not looking so great in world trade.Dah