A few charts I am looking at this morning:
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Tuesday Morning Reads – 1/6/15
Stock futures are recovering from their sharp decline yesterday, which was the fourth straight down day for the markets. 2015 is off to a terrible start, and many think that this is a sign of things to come. A bear market? The talk of one is back again. Last August and October were supposed to be the start of a new bear market.... those calls didn't work out too well. It's a new year, what better time to wipe the slate clean of previous failed market calls than a few days into 2015.
Here is what I am reading this morning:
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The Internet Bubble, The Housing Bubble, Now The Oil Bubble?
With Oil falling last year I posited the possibility that this decline could have some pretty dire consequences. While cheaper gas prices are a boon for consumers, what are the long term consequences of the 50% 7 month collapse in oil prices? Is this another bubble bursting that bears watching and will it lead to a stock market collapse? I think it would be naive not to explore this possibility.
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Monday Post Mortem
Stock futures opened lower Sunday night, bounced into positive territory and then sold off as the European markets opened for trade. It was a bloodbath in many names as the Dow Jones Industrial Average dropped over 300 points. Crude oil plunged to new 5+ year lows amid a glut of supply. Bonds and the US Dollar were strong, as the VIX moved over the key 20 figure.
With today's sell-off already in the books, what will tomorrow bring?
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