Loading ...Would someone please be kind enough to enlighten this old mind on why low oil prices are the reason the stock markets are in a cliff leapers dive? In recent days that is excuse being offered up by the mass media for consumption of the masses.
Seems to me when I took my leave of absence from all things financial, especially the daily drivel of market experts, the reason the markets could not get any higher traction was due to the high energy prices. Now with oil prices on sale like the day after Thanksgiving pricing, some would suggest that is the reason for the poor performance in markets, well, that and some problems in China. But with every sort of industry benefiting from low energy costs, ( Airlines announced yesterday that billions would be added to their bottom lines due to low cost of fuel ), and with everyone being able to walk around town with a little extra jingle in their pockets, ( consumers are 70% of the economy we are told), I don’t understand why low energy costs are hurting the markets.
I fully expect to see millions standing in their town squares and cheering $100 bbl oil prices someday, because then the markets can go back up ?!*%! One of the books I reread during my hiatus was George Orwell’s 1984, and this sure smacks of ‘double speak’ to me. Are the masses that well advanced in ‘mind control’, that this low energy hurting markets will actually fly? I dunno, maybe I have indulged in one too many naps this past year and missed the memo, but this makes no sense to me. Someone care to fix my logic or thinking on this matter. Thanks in advance, Farmboy
Ps) Think I will drop by the shooting range where bullets still go where they are aimed. Some things never change, and Thank God for that!