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19
eu2856 19 points ago +21 / -2

Yeah, I thought it was purely over Coronavirus. But Scott Adams started talking about the Russia-Saudia Arabia oil price war and realized THAT is the major reason. Hopefully, my company can take it, I'm in the industry.

10
DisgustedByMisleadia 10 points ago +11 / -1

Good article here:

https://www.cnbc.com/2020/03/08/dow-futures-drop-700-points-as-all-out-oil-price-war-adds-to-coronavirus-stress.html

“Crude has become a bigger problem for markets than the coronavirus,” Adam Crisafulli, founder of Vital Knowledge, said Sunday. “It will be virtually impossible for the [S&P 500] to sustainably bounce if Brent continues to crater,” he added.

2
Thingthing22 2 points ago +2 / -0

This was coordinated.

2
iWillStand 2 points ago +2 / -0

What's Trump Winning the Most on?

Economy

Dems: let's tank the economy! MSM, Fed, China ASSEMBLE!

2
Thingthing22 2 points ago +2 / -0

Fuck them. They did this. We all know it.