RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nuttall on BNNbaranja wrote: Onemoreboom wrote: Nuttal: "today's news is not bearish."
Hmmm. The rest of the world seems to disagree. LOL.
No, it is not bearish. What fascinates me it that none of you even considers that this is just a simple attack on futures market. Somebody simply dumps massive number of naked shorts on CME and NY to crash oil price, triggers stop loses and there we go.
Most likely this could be an attack on russia, or they are just being angry on Arabs for not wanting to play the game, or they are thying to keep petro-dollar value,..
It could be just two major US commodity traders or banks trashing those futures contracts. It is critical for US gov to control oil prices.
When this started, we also had some weird things going on at NYSE. Somebody is doing something there for sure.
Yesterday on NYSE, there were bunch of stocks at NYSE that went to zero. Berkshire was one of them. They say it was technical glitch, but this whole thing is just too much of coincidence.