Expect A Rocky Ride On Wall Street Tomorrow
Stock markets in the Middle East are down sharply:
Stocks in Dubai crashed 6.5% on Sunday.
This was the biggest drop in four months and brings the Dubai Financial Market General Index to its lowest level since July 20, according to Bloomberg.
Dubai, which like many Middle East exchanges is open from Sunday to Thursday, led a broad sell-off in Middle East stocks, as markets in Israel, Qatar, and Saudi Arabia also sold off on Sunday.
Hisham Khairy, the Dubai-based head of institutional trade at Mena Corp. Financial Services, told Bloomberg that, “Global markets are all selling off and it’s that weakness we’re tracking. There’s still more blood to come.”
Click here for reuse options!US fund manager John Hussman is out with his latest weekly Market Comment ominously titled “Air-Pockets, Free-Falls, and Crashes”.
It’s a piece which warns of the potential for large downside risk after last week’s trade which saw the S&P 500 have, on consecutive days, both its biggest fall and largest rise for the year.
That’s volatility.
Copyright 2014 Liberaland
By: dave-dr-gonzo
David Hirsch, a.k.a. Dave "Doctor" Gonzo*, is a renegade record producer, video producer, writer, reformed corporate shill, and still-registered lobbyist for non-one-percenter performing artists and musicians. He lives in a heavily fortified compound in one of Manhattan's less trendy neighborhoods.
* Hirsch is the third person to use the pseudonym, a not-so-veiled tribute to journalist and author Hunter S. Thompson, with the permission of his predecessors Gene Gaudette of American Politics Journal (currently webmaster and chief bottlewasher at Liberaland) and Stephen Meese at Smashmouth Politics.
30 responses to Expect A Rocky Ride On Wall Street Tomorrow
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mea_mark October 12th, 2014 at 17:22
Well, without a full scale war in the middle east oil prices are falling and the potential profits from the MIC just aren’t there. Energy companies will probably take another beating and all those companies that make stuff that go with those boots on the ground won’t do well. Good time to invest in the healing sector. Who does make all those gloves and hazmat suits anyways?
Obewon October 12th, 2014 at 17:30
Too late:) LAKE Hazmat suit maker’s stock up 50% Friday, on Ebola fears http://money.cnn.com/2014/10/09/investing/lakeland-hazmat-suits-ebola/ http://www.marketwatch.com/investing/stock/lake
mea_mark October 12th, 2014 at 17:51
I bet waste disposal companies of hazardous materials will jump big quickly too. Nobody thinks about waste disposal but it is a huge business, just no glory in it.
Obewon October 12th, 2014 at 17:58
The waste management systems Ebola incineration boom! It’s better than oldtech. https://www.youtube.com/watch?v=grbSQ6O6kbs
mea_mark October 12th, 2014 at 18:09
Time to make some hazardous materials urns I think. Ground floor opportunity, no competition, yet.
edmeyer_able October 12th, 2014 at 18:32
The insurance that is necessary for the cleaning crews is cost prohibitive, one company was going to charge 1/4 million that would have grossed the cleaning co. 10k.
And I wonder what the liability would be if someone were to be infected after the clean up was completed.
mea_mark October 12th, 2014 at 17:22
Well, without a full scale war in the middle east oil prices are falling and the potential profits from the MIC just aren’t there. Energy companies will probably take another beating and all those companies that make stuff that go with those boots on the ground won’t do well. Good time to invest in the healing sector. Who does make all those gloves and hazmat suits anyways?
Obewon October 12th, 2014 at 17:30
Too late:) LAKE Hazmat suit maker’s stock up 50% Friday, on Ebola fears http://money.cnn.com/2014/10/09/investing/lakeland-hazmat-suits-ebola/ http://www.marketwatch.com/investing/stock/lake
mea_mark October 12th, 2014 at 17:51
I bet waste disposal companies of hazardous materials will jump big quickly too. Nobody thinks about waste disposal but it is a huge business, just no glory in it.
Obewon October 12th, 2014 at 17:58
The waste management systems Ebola incineration boom! It’s healthier than oldtech. https://www.youtube.com/watch?v=grbSQ6O6kbs
mea_mark October 12th, 2014 at 18:09
Time to make some hazardous materials urns I think. Ground floor opportunity, no competition, yet.
edmeyer_able October 12th, 2014 at 18:32
The insurance that is necessary for the cleaning crews is cost prohibitive, one company was going to charge 1/4 million that would have grossed the cleaning co. 10k.
And I wonder what the liability would be if someone were to be infected after the clean up was completed.
Obewon October 12th, 2014 at 17:26
Everybody including the Saudi’s are dumping Big Oil stocks, $90/brl Brent Crude and USA’s $85/brl WTI. Here are global market exchanges in realtime. http://www.bloomberg.com/markets/ U.S. market prices are from from Friday. http://www.bloomberg.com/markets/commodities/futures/ $1,223/oz gold dropped -40% from $1,934/oz highs.
Anomaly 100 October 12th, 2014 at 17:40
I love that you leave links and sources to back up your comments.
Obewon October 12th, 2014 at 17:44
Thanks:) It’s easier to be preemptive and informative than succumb to Ebola troll-flu!
Anomaly 100 October 12th, 2014 at 17:47
Yeah but you add links to most of your comments. It adds to your credibility.
Obewon October 12th, 2014 at 17:52
Some scratch their heads thinking unbiased facts have a liberal bias!
fancypants October 12th, 2014 at 20:51
I think the Saudi’s know the end is near or should I say american military fear mongering. Sooner or later they are going to be in the middle of this ISIL conflict and I cant wait
Obewon October 12th, 2014 at 23:40
Saudi’s, UAE & all OPEC nations buy Solar & Windpower for their energy:)
edmeyer_able October 12th, 2014 at 17:26
I got out at the beginning of the year and into a fund that guaranteed 3%. Wasn’t sure I made the right move when the Dow went from 16000 to 17000, but the peace of mind has been worth it.
mea_mark October 12th, 2014 at 17:29
Get into a straight index fund with low fees. That is where you will do the best without doing anything fancy or complicated.
Obewon October 12th, 2014 at 17:26
Everybody including the Saudi’s are dumping Big Oil stocks, $90/brl Brent Crude and USA’s $85/brl WTI. Here are global market exchanges in realtime. http://www.bloomberg.com/markets/
U.S. market prices are from from Friday. http://www.bloomberg.com/markets/commodities/futures/ $1,223/oz gold dropped -30% from January, 2012’s $1,800/oz highs. http://goldprice.org/gold-price-history.html
Anomaly 100 October 12th, 2014 at 17:40
I love that you leave links and sources to back up your comments.
Obewon October 12th, 2014 at 17:44
Thanks:) Being preemptive and informative with links also inoculates against Ebola troll-flu!
Anomaly 100 October 12th, 2014 at 17:47
Yeah but you add links to most of your comments. It adds to your credibility.
Obewon October 12th, 2014 at 17:52
Some scratch their heads thinking unbiased facts have a liberal bias!
fancypants October 12th, 2014 at 20:51
I think the Saudi’s know the end is near or should I say american military fear mongering. Sooner or later they are going to be in the middle of this ISIL conflict and I cant wait
Obewon October 12th, 2014 at 23:40
Saudi’s, UAE & all OPEC nations buy Solar & Windpower for their energy:)
edmeyer_able October 12th, 2014 at 17:26
I got out at the beginning of the year and into a fund that guaranteed 3%. Wasn’t sure I made the right move when the Dow went from 16000 to 17000, but the peace of mind has been worth it.
mea_mark October 12th, 2014 at 17:29
Get into a straight index fund with low fees. That is where you will do the best without doing anything fancy or complicated.