Dow Dumps 450 Points (Back Below 17,000) As Crude Oil Crashes Into Red
Dispppointing drops in China and US Manufacturing PMIs, combined with a record glut, appears to have trumped Mid-East tensions and sent WTI plunging back into the red. This has triggered another round of selling in US equities, sending The Dow down 450 points and back to a "16" handle...
"Un-Growth" trumps "War Premium"
and sends The Dow crashing...
(4 votes)
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Happy New Year Muppets!
With Love,
The Federal Reserve
US.Govt
Whatever is going to happen, I want it to happen BEFORE Obama leaves office.
It is VERY important to me that he gets tripped-up by the results of his failure of an economic policy. He decided NOT to go after any of these guys, and to let them continue playing their games. And he has been trying to prop up this 'Weekend at Bernie's' economy for years now, I guess he figured he'd be gone before the shit hit the fan, and the problem would land firmly in his successor's lap.
Looks like bad timing...and I sure hope so. He had the chance to make some REAL changes to our financial system...the window of opportunity was never opened as widely as it was in the aftermath of 2008. The fresh anger, and the fact that so many little folks got hurt, would have ensured his support as he took down the biggest offenders. Historically, it was probably the lowest point for banker influence in decades, and they could have done little but complain had he chosen to seize that opportunity.
He chose to fight for the ACA instead. Which may have been a worthy fight at some point, but without financial reform is less than useless, and likely doomed to be repealed or gutted soon after he leaves office.
Financial reform was his calling, but he ignored the call. Had he done the right thing, his legacy would have been assured. As it stands, he will be lucky to leave office in one piece, as it looks increasingly likely that the old demons will rear their ugly heads before he can get away clean.
if you ever get into legal trouble ask for holder.
he'll get you off scot free.
How to keep it steady without owning it all. That's the feds game. So i guess they will own it all.
They are really really trying hard to get it to hold the 17K level!
DOW will finish +477 points today, thanks PPT, you keep making me easy money.
I want to see pandemonium!
I want to see it crash 60% PLEASE!