Fiends In Stocks

[DeepBlue1]

Here's a real mind-bender for ya'. Liesman was talking to somebody when the notion came up that with the price of oil crashing/crashed, some or all of the countries that depend mainly on oil for their revenues are going to default.

That list includes Russia(whose market has had to be closed 30 times that I know of recently due to fast drops), Venezuela who is now contemplating not paying their debts, Argentina, the Arab countries, not to mention places like Nigeria and others.

Are we going to bail them out?????? Do we HAVE TO? Afterall, they are tied to the world economy as much as the rest of us now and the ripple effects of them defaulting will be huge and global.

Now just for fun, add to that little tidbit the fact that the heating oil season is upon us along with the holiday driving season, both of which should support to some extent the oil markets.

Care to make a guess on how THIS little puzzle will play out? LMAO

Nobody has really even begun to contemplate a long list of entire countries defaulting on their debts, at least not publically. Wait until that little bit of "uncertainty" becomes front and center.

Dow 4000? Lower?