Dow plunges 331 points as oil falls below $50
What's going on? Oil now trades at below $50. This is psychological threshold for the market.
Stock pickers are still forecasting gains for 2015, but most say the uptick will be more modest in 2015 than the past few years of double-digit U.S. stock market gains. They also expect volatility to pick up.
Views:
Are you kidding me.......So sad that we are going to lose jobs in the Crude Oil industry. The same industry that is posting RECORD PROFITS. Now that consumers have more dollars in their pocket they are spending those dollars in other industries that are helping our total domestic economy and the global economy.
Then you hear our politicians are trying to raise the price of gas to protect those jobs. What happened to Supply and Demand and a capitalistic economy? Keep the government out of the pricing!
Low oil prices are great for the economy.
Stocks are slightly overpriced, but for the moment they are the only option for investment.
Salaries are finally up and consumer debt and government deficits are down.
Things are looking up.
the higher a stock is valued the more it is pressured to produce higher profits for the .5 % the 99.5% will pay the price all the dow makes is money and it keeps going up and up im alittle worried
