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The Profit Taker

01/06/15 4:11 PM

#224656 RE: ced70 #224648

" unless a drastic movement is seen in the market that causes some type of collapse in the economy and then they start printing money again. Its hard to say but the effects of oil will be pretty bad if it goes down to 20-30 dollars a barrel. This will causes possible millions of jobs to be cut causing an unemployment spike."

Oil prices are going to have a much larger impact on our economy than people realize. Oil has dropped 50% in a matter of months. Funds and investors are writing off trillions in 2014. Where is all this money going to come from? It was put into the market by the FED and sucked back out basically overnight. It was the catalyst that needed to happen for the market to correct, if it corrects past a certain point though fear will take over imo. It was just a matter of time, we just didn't know how long it would take. The fear is back, watch the VIX