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Author Topic: DOW futures down 800 points... oil down $5 a barrel...  (Read 113 times)

K Frame

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DOW futures down 800 points... oil down $5 a barrel...
« 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
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Ben

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Re: DOW futures down 800 points... oil down $5 a barrel...
« Reply #1 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.
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RocketMan

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Re: DOW futures down 800 points... oil down $5 a barrel...
« Reply #2 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.
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