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Doha was cancelled out by Kuwait like I predicted. Now that strike was only 3 days, supply/demand takes over and Iran increased production will be persistent which won't make Saudi happy.
Oil's peaked. Obama going on the farewell tour of the bull market. bear market will commence with saudi causing oil to crumble, uk causing eu to crumble, and germany causing greece to crumble.
Oil already down
NIKKEI down 547 points. OUCH
38 broken
Crude down 2.50. 37.85
When the market finishes green tomorrow, everyone will be thanking the Kuwaiti strike. Just my opinion
Ur right too. Anything can happen. But Kuwait strike stumps Doha failure IMO
Oil goes up. Supply v demand. No wonder why market didn't tank Friday. Rigged.
Yes. Kuwait strike started this weekend. Coincidence?
http://www.reuters.com/article/kuwait-oil-strike-idUSL5N17K0GX
Expect oil to rise with Kuwait production dropping from 3 million bpd to 1.1
Well, bull market will continue. How convenient of this event....
http://www.bloomberg.com/news/articles/2016-04-17/kuwait-refineries-operating-after-it-says-oil-workers-walked-out
Oil, greece news, and us earnings this week. Brexit 9 weeks away. GOP convention 13 weeks away. Lots of uncertainty looming
Spy hasn't seen low of the year yet. Not even close
This year, it's sell in April and go away
I was shocked market didn't sell off on Friday. Maybe it's not that big of a deal. This meeting was a joke with a 6 hour break before reconvening
The Doha meeting is a joke. They met until 11 AM before a 6 hour break. Lol. They reconvened at 5:00 pm local time and now Saudi is demanding the agreement to be rewritten. Big meeting my butt
VIX is a trailing indicator
6.7%
Is the US invited to Doha? If not, then why?
HUGE down day tomorrow. MAJOR selloff. Why? Who in their right mind will hold anything over the weekend with the Doha meeting on Sunday?
Ten weeks left Til brexit vote
Brexit will occur in Q2. The fear leading up to it too will start in 30-45 days as well. It's amazing how brexit isn't major news yet but grexit was major news for 6+ months. Brexit will be the catalyst of the huge drop that's coming. The previous lows of August and Jan/February will get clobbered later this year.
There's a big tsunami of bad news gonna hit this summer. Maybe starting as early as April 17
On top of brexit, oil, and brokered convention, Greece now in the news again. Gonna be an ugly, historic summer.
http://www.wsj.com/articles/leaked-call-shows-continued-strains-between-greece-and-its-creditors-1459617458
Who woulda thunk negative rates wouldn't work? Europe next.
NIKKEI down 550
Spy closes under 200 on March 31. Book it
Day 28 is here
Volatility will be back for sure but UVXY isn't a buy and hold security.
Much too risky at the moment. All time low. GL though
One thing that we can say with certainty about a UK vote to leave the EU is that uncertainty would increase significantly. Aside from the UK-EU relationship, it is also likely that the UK would have to negotiate new relationships with some trading partners outside of the EU (as arrangements put in place while the UK was in the EU would no longer apply). That includes discussions with Mexico, South Africa, Korea, Norway, Switzerland, and Israel (among others).
And we all know what happens when there's uncertainty in the markets
Enjoy dinner. Only thing thats worrying me was the greenback. But it'll regain its safe haven status very shortly again if it hasn't already.
You'll get your downturn very shortly IMO. Tyler Yell's chart shows the whole story. He's very good. GL!
Oil at major resistance. Downturn coming soon.
https://www.dailyfx.com/forex/technical/home/analysis/usoil/2016/03/21/WTI-Crude-Oil-Price-Forecast-Oils-Biggest-Bullish-Test-Yet.html
The markets decline after Brexit will be equivalent to the markets decline after 9/11.
Pound Falls as Risk of `Brexit' Mounts on Brussels Terror Attack
http://www.bloomberg.com/news/articles/2016-03-22/pound-bears-brunt-of-brussels-tragedy-seen-raising-brexit-risk