• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 14 hours US top CEO's are spending their own money on the midterm elections
  • 1 hour Satellite Moons to Replace Streetlamps?!
  • 12 hours EU to Splash Billions on Battery Factories
  • 22 hours Petrol versus EV
  • 10 mins The Balkans Are Coming Apart at the Seams Again
  • 13 mins The Dirt on Clean Electric Cars
  • 16 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 25 mins U.S. Shale Oil Debt: Deep the Denial
  • 11 hours Uber IPO Proposals Value Company at $120 Billion
  • 17 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 14 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 18 hours 10 Incredible Facts about U.S. LNG
Editorial Dept

Editorial Dept

More Info

Trending Discussions

A Stock Market Overview

While we are all here because of an interest in energy, sometimes it pays to step back and consider the overall state of financial markets. Nothing exists in a vacuum and, as sure as eggs are eggs, if the broader stock market is heading for a fall the energy sector will be dragged down with it. That particular view, that a major correction, even a collapse, is imminent, has been gaining ground in the last couple of days.

That is hardly surprising. The rally over the last five years has been strong, but over the last few months looks to be running out of steam. We have seen a major correction in many of the speculative growth stocks driven by momentum and, while both the S&P 500 and the Dow have hit record highs, each incremental increase in those records has been met by a wave of selling. That pattern is repeating itself this week.

If, like me, all of this, combined with the parade of bears being trotted out in the financial media, has you worried, it is worth considering a couple of things. First, we have heard these bears growl many times. I guess that like a broken clock they will be right at some point, but the predictions of doom are beginning to sound more like a broken record. (For younger readers, records were what we used for music before CDs, which were what we used for music before it could be downloaded.) There was no shortage of people warning of a “double dip” in 2010 or attempting to call the top all of the way through the second…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News