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Misc Stock Market

It blew apart quickly. What an ugly, ugly week. It's surprising we couldn't even mount a rally today. Just brutal in every way.
Weekend news is going to be hard to handle. I think the Wall Street big rigs know it will be too much. It will be impossible to prop the market up any longer
 
Mang, this thing tanked right through the close. Even the MM's and pumpers couldn't prop it up. Officially dead.

Where is ---- Cheney when you need a good oil price spike?
 
ummm this article is a bit scary....RIP US oil industry


Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut-ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg
 
ummm this article is a bit scary....RIP US oil industry


Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut-ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg

$5 would be awesome.


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ummm this article is a bit scary....RIP US oil industry


Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut-ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg
when I was a kid, gas was 35¢ per gallon ... life was good ... transistor radios, Levi corduroys, and no freakin' virus ...
 
ummm this article is a bit scary....RIP US oil industry


Citi: $5 oil is possible. Citigroup laid out a pessimistic scenario in which WTI falls to $5 per barrel. Energy Aspects said Brent could fall to $10. Mizuho Securities said some oil could even fall into negative territory absent shale shut-ins. “This is Operation Desert Storm, Enron, 9/11, Hurricane Katrina/Rita, Lehman Bros, combined,” Stephen Schork, president of the energy consultancy Schork Group Inc., told Bloomberg
War would prevent that from happening
 
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