You Can't Keep A Good Market Down - Marketintelligencecenter.com

You Can't Keep A Good Market Down


After the open… $57 per barrel sounds pretty cheap, but after yesterday's flash crash down to $53.25, it was enough to make traders breathe a big sigh of relief this morning. There is some fear and uncertainty over the fallout from under $60 oil, but not nearly as much as there is fear of what might happen if the price were to fall to $50 or even, as some have suggested, $40. Add to oil's apparent bottom the reassuring words from Janet Yellen yesterday afternoon and you have the formula for a powerful rally, which is what we are... Read More



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