As the drama builds to what will be a most fascinating Asian open along with the US futures, the markets that are open this morning did not react well to the crash in oil prices as best exemplified by the dump taken by the Saudi Taduwal today:
On the year, the largest Middle East market is approaching a bear market which could be a signal that further declines in oil prices are on the way:
Have no fear Senile Joe is on the way there to tell the House of Saud how to fix the global energy markets and run their stocks market back up to new all time highs.
In other words, the world is screwed and the bear market is spreading faster than Monkeypox at a “festival” in Europe. Stay tuned for tonight, it’s going to get spicy.