this dip in the sp500 is a nice bargain for the next ramp up.
Also, not sign of oil turning around. Safe to keep shorting that bad boy!
I think there will be a surprise cut by a minimum of a million barrels before next meeting ...will send oil up a minimum 10%...
First though there be projects shutting down ...they didn't cut for that reason. They know if they don't cut and send prices down it will shut projects down in the US....once oil drops below $60 there is no money to be made on most drilling here in the US. That will send most little drillers scrambling ...will also cause more mergers....it will also slow down the shale projects as well....oil dropping is going to cause massive panic in the credit markets....watch will that will do....one positive is saving $12.00 a week on that fill up...now were talking.