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(Marketwatch)   Saudi Arabian king has more power over the U.S. stock market rally than either Donald Trump or the Federal Reserve   ( marketwatch.com) divider line
    More: Obvious, Petroleum, Saudi Arabia, Exchange-traded fund, oil prices, OPEC, Peak oil, Stock, United Arab Emirates  
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1059 clicks; posted to Business » on 15 Mar 2017 at 12:50 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments     (+0 »)
 
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2017-03-15 10:45:56 AM  
So what? It's not like anyone from Saudi Arabia  ever did anything to us.
 
2017-03-15 11:24:33 AM  
SHARIA LAW IS HERE IN AMERICA
 
2017-03-15 01:00:55 PM  
Pretty standard excuse of populists for the results of their own incompetence is to blame "speculators" for soaring interest rates and inflation.

Once the Fed is brought to heel, expect rising interest rates to be declared another attack on America by radical Islamic terrorists by way of financial markets.
 
2017-03-15 01:51:52 PM  
It's good to be the king
 
2017-03-15 02:17:11 PM  
Meh. Not really.
 
2017-03-15 02:18:52 PM  
Thanks, Barack HUSSEIN Obama!
 
2017-03-15 02:39:30 PM  

MikeyFuccon: Pretty standard excuse of populists for the results of their own incompetence is to blame "speculators" for soaring interest rates and inflation.

Once the Fed is brought to heel, expect rising interest rates to be declared another attack on America by radical Islamic terrorists by way of financial markets.


Artificially low interest rates helped create a lot of our financial problems. The longer the Fed held them there, harder it became to raise them.  The "cost" of money is not ZERO, and the government should not try and make it so.
 
2017-03-15 03:14:15 PM  
FTA: Today Saudi Arabia issued a report that its oil production topped 10 million barrels a day. Analysts were expecting a decline. The result is lower oil prices on the open market and downward pressure on stock prices.

Meh, the S&P, DJIA and crude prices are all up the day after this bombshell.

/ not even sure they dipped yesterday
 
2017-03-15 04:03:46 PM  
img.fark.net

He was trying to wean us off Saudi oil when he was sacked.
 
2017-03-15 05:12:02 PM  
Powerful and delicious
kkcgs31v22-flywheel.netdna-ssl.com
 
2017-03-15 05:58:48 PM  

Zeb Hesselgresser: MikeyFuccon: Pretty standard excuse of populists for the results of their own incompetence is to blame "speculators" for soaring interest rates and inflation.

Once the Fed is brought to heel, expect rising interest rates to be declared another attack on America by radical Islamic terrorists by way of financial markets.

Artificially low interest rates helped create a lot of our financial problems. The longer the Fed held them there, harder it became to raise them.  The "cost" of money is not ZERO, and the government should not try and make it so.


You've been predicting that inflation would explode due to low rates for years, I bet.

Sucks to be you.
 
2017-03-15 08:36:49 PM  

wejash: Zeb Hesselgresser: MikeyFuccon: Pretty standard excuse of populists for the results of their own incompetence is to blame "speculators" for soaring interest rates and inflation.

Once the Fed is brought to heel, expect rising interest rates to be declared another attack on America by radical Islamic terrorists by way of financial markets.

Artificially low interest rates helped create a lot of our financial problems. The longer the Fed held them there, harder it became to raise them.  The "cost" of money is not ZERO, and the government should not try and make it so.

You've been predicting that inflation would explode due to low rates for years, I bet.

Sucks to be you.


Nah, I feel for seniors that burned through their savings principal, because it produces no income.

I know, fark them. Let em become dependent on gov't, then we can blackmail them for votes. 👍
 
2017-03-15 09:31:20 PM  

gunsmack: FTA: Today Saudi Arabia issued a report that its oil production topped 10 million barrels a day. Analysts were expecting a decline. The result is lower oil prices on the open market and downward pressure on stock prices.

Meh, the S&P, DJIA and crude prices are all up the day after this bombshell.

/ not even sure they dipped yesterday


Would decreased oil prices really push the markets down?

Sure it is bad for the oil companies, but it is good for everyone else. Everyone uses petroleum for everything from fertilizers for food products to plastics for materials to energy for operating machinery and ransporting goods. There isn't a single company (or person) that doesn't have the price of petroleum products impacting their bottom line.

In Canada the decreased oil prices are bad for the markets, but the oil industry represents a far greater share of the Canadian economy than in the US.
 
2017-03-16 04:37:20 AM  
Not bad for a country with only 2 major exports: oil and Wahabism.
 
2017-03-16 04:48:26 AM  
Stock investors may want to keep an eye on the chart of the United States Oil Fund USO, +1.86% an exchange traded fund (ETF). As an early warning sign, investors also may want to monitor the relative strength of the oil stock ETF known as Energy Select Sector SPDR XLE, +2.22% and popular oil stocks Exxon Mobil XOM, +1.25% Chevron CVX, +1.42% Haliburton HAL, +3.49% Marathon Oil MRO, +1.57% Continental Resources CLR, +4.05% and Oasis Petroleum OAS, +3.34% relative to the widely followed S&P 500 ETF, the SPDR S&P 500 ETF Trust SPY, +0.15%
For more stocks to avoid and how to trade oil, please click here.


Oh yes, avoid those stocks. Horrible.

/fail article.
 
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