yikes on the stock market monday morning?

[gojetsgomoxies]

S&P futures down almost 4% and it's only 7 pm Sunday night in New York.

most of these awful days so far the futures have been down 1% (give or take) at this time of night. i could be wrong on that.

oil way down.............. russians want to kill the US frackers but doesn't Chapter 11 keep companies alive forever. and i think large companies have got involved in fracking. someone like Exxon isn't going away....... i definitely have seen suggestions we are near "peak frack oil" from the USA. decline rates are terrible... EDIT: i guess those Chapter 11 companies won't have any capital to drill.

[gojetsgomoxies]

i would think oil would be a good buy down here. i think world marginal cost is higher than oil price. not sure though

[hehfest]

This is the Sabbatean Kabbalists every 11-12 year market correction. The PPT (Plunge Protection Team) shut down the market this morning to slow down the fall. 2008 bust. The dot com fall, etc. I swear its every 11-12 years. This allows the super wealthy to buy up everything on the cheap. Don't worry about your 401K retirement funds.....they will catch back up in about 7-8 years again to where they were. They will try to use another QE (QE Infinity) to prop it back up perhaps, but only if "they" want to delay the correction.

[hehfest]

What if this happened? Love the part where the punk says "There is no money you can steal." Response: "Really. Then why are you people here?"......One of my heroes:

[Sanity Check]

i would think oil would be a good buy down here. i think world marginal cost is higher than oil price. not sure though

Global production and shipping/travel are both down.

Oil is declining on decreased demand and consumption.

The question is if we're currently @ peak crisis.

If global production and shipping/travel slip further the value of oil will continue its fall.

And even if you call the bottom accurately. There's nothing that guarantees a quick rebound.