After hours:
Remember the crude oil collapse in 2016?
Deja vu:
Once again, we see the problem with Central Bank bailouts.
Crude speculators doubled down on their bad bets and are now getting wiped off the map taking crude straight down with them. Still a long ways to fall:
What could go wrong?
This was today's close, not reflecting the after hours decline:
The big story today was the annihilation of crude oil: exhibit A of a delusional reflation trade now force unwinding due to futures-driven margin calls:
Recall, the Canadian dollar predicted this meltdown in oil as it did in 2008:
Remember the crude oil collapse in 2016?
Deja vu:
Once again, we see the problem with Central Bank bailouts.
Crude speculators doubled down on their bad bets and are now getting wiped off the map taking crude straight down with them. Still a long ways to fall:
Canadian stocks are the weakest they've been since 2008:
German Dax
Global Dow (monthly):
Recession stocks are getting pounded daily:
When everyone is told a lie about economic expansion that turns out to be a con job, then exit "liquidity" becomes the problem:
What could go wrong?
