Armed Polite Society

Main Forums => The Roundtable => Topic started by: K Frame on November 26, 2021, 07:19:24 AM

Title: DOW futures down 800 points... oil down $5 a barrel...
Post by: K Frame on November 26, 2021, 07:19:24 AM
Welcome to the reaction to the latest COVID variant emerging out of South Africa.

https://www.cnbc.com/2021/11/26/stock-futures-open-to-close-market-news.html
Title: Re: DOW futures down 800 points... oil down $5 a barrel...
Post by: Ben on November 26, 2021, 08:09:26 AM
On the plus side, maybe I'll have someplace to put my sideline money if the Dow goes into a four digit drop. I saw everyone is throwing dough into Treasuries right now and they just took a tumble. Down nearly 10bps right now.
Title: Re: DOW futures down 800 points... oil down $5 a barrel...
Post by: RocketMan on November 26, 2021, 11:27:04 AM
DJI down over 1k points now.  Stocks globally taking hefty hits today.
Oil down around $9.

All things considered, I think we were due for some sort of correction anyway.  Not going to worry about it.
I suspect oil will head back up over the next week or three.