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S&P 500
5,308.13
(
0.09%
)
US TECH 100
18,179.20
(
0.60%
)
Dow Jones
39,806.77
(
-0.49%
)
Brent Oil
83.57
(
0.04%
)
Bitcoin
71,308.92
(
-0.20%
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JustForFun7

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JustForFun7

Re: steelpiston71 post# 16624

Tuesday, 12/02/2014 1:08:49 PM

Tuesday, December 02, 2014 1:08:49 PM

Post# of 17739
it's the price of oil plunge that starts it. Then you add in that they have a lot of debt which puts them at perceived risk because of the lower profits from low oil, some delays on projects and then throw on tax loss selling and you have a perfect storm for these types of valuations.


Incredible deals out there if you assume dip in oil prices will not last.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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