Saturday, December 22, 2018

Oil Prices: How Low Can It Go?

    So, the stock market(US) plunges.  Profit taking, for sure.  The NASDAQ hits bear market numbers, hitting a close of about 22% below the high just 4 months ago.  But, we must remember: machine algorithims make about 64% of the trades these days, and most trading around the holidays is just that. 
    Mr. Putin:  can you hear me?  the ruble is not doing so well.  What's happened to your local economy?  Too oil dependent?  Hmmmm.  Vova can only say so much.  Maybe he's got a few more rabbits in his hat.  Maybe next week he'll march some vodka-stoked Muskovites into the Kurile Islands and start pouring concrete to irritate PM Abe in Tokyo.  Maybe he'll send out a few teams with poison-laced tea and see what happens?  Lookout London: Russyans afoot.  Where are the Skripals?  Nobody knows; and if they do, they ain't talking.
      WQestern Christmas is in a few days; US Congress has fled Washington for Any place else.  Who wants to stick around the nut house any longer.   Temperatures in Muscova are hitting winters averages so not many local folks are wandering about Red Square looking for rubles.  
    Ahhhh, Christmas: a magical time of year.  The price of gasoline should be down for the holidays: ha, ha, ha, ha-Chevron?  CITGO?  Hmmmm .  How will the holidays be celebrated in Venezuela?  With a sawdust filled roast seagull?
     See ya.
rough going:hang on

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