XPost: misc.invest.stocks, alt.politics.obama, sac.politics
XPost: alt.politics.democrats, alt.politics.economics
http://www.foxnews.com/us/2016/01/20/dow-plummets-more-than-500-points-as- crude-oil-sinks-to-13-year-low.html
The Dow Jones Industrial Average, which had lost more than 550 points
during midday trading, staged a late rally that trimmed its losses by more
than half as oil prices sank to a 13-year low.
The Dow ultimately fell 249 points, or 1.56 percent.
Energy companies were pummeled as the latest fall in the price of oil threatened more damage to an industry that has already been stricken with bankruptcies, layoffs and other cutbacks.
U.S. crude fell below $27 a barrel amid a global glut in oil supplies that won't go away. That's the lowest price since May 2003 and a far cry from
the $100 a barrel it fetched in the summer of 2014.
While cheap oil is good for many companies and consumers, investors are
worried demand is falling because the global economy is slowing down.
Chevron sank $3.03, or 3.7 percent, to $78.48, the biggest loss in the Dow average.
Overseas markets fared no better. Japan's Nikkei index entered a bear
market, down 20 percent from its peak in June, and European benchmarks
lost between 3 and 4 percent.
Gold and U.S. government bonds, traditional safe havens, rose in value as investors shifted money out of stocks.
U.S. indexes are down 10 percent or more since the beginning of the year.
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Obama increased total debt from $10 trillion to $19 trillion in the six
years he has been in office, and sold out heterosexuals for Hollywood
queer liberal democrat donors.
Barack Obama, reelected by the dumbest voters in the history of the United States of America. The only American president to deliberately import a
lethal infectious disease from Africa, Ebola.
Loretta Fuddy, killed after she "verified" Obama's phony birth
certificate.
Nancy Pelosi, Democrat criminal, accessory before and after the fact to improper vetting of Barry Soetoro aka Barack Hussein Obama, a confirmed
felon using SSAN 042-68-4425, belonging to a dead man.
Obama ignored the brutal killing of an American diplomat in Benghazi, then relieved American military officers who attempted to prevent said murder
in order to cover up his own ineptitude.
Obama continues his muslim goal of disarming America while ObamaCare
increases insurance premiums 300% and leaves millions without health care.
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