Stock futures are bouncing this morning after yesterdays nasty sell off. Oil continued its plunge to lows not seen in over 5 years. The VIX soared some 25% and bonds were well bid. We had similar action in October and then the selling just stopped... and the market moved to record highs as if nothing ever happened.
Here is what I am reading this morning:
Oil Plunge Rips Through the Markets
Russian Central Bank Raises Rates
Panic selling may bode well for stock market
EBAY weighing big job cuts next year
The $125 BILLION windfall from cheap gas
China injects $65 billion into banks
West Coast bracing for huge storm
Stocks to ignore oil collapse?