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Insiders Club - 12.9.2014 Bookmark

12.9.2014

Good morning all, get your seatbelts tightened.

The futures at 8 am are in the red. The DOW off 125.

Yesterday the market put in a 100+ point fall. That was the biggest slip in months, as the Central bank fueled rally simply pushed stocks higher almost every day. While 100 points in an 18K market is "nothing", the things that are going on in the world are indeed "something".

11.28.2014 OPEC Holds Firm Bookmark

The political game continues folks. Last night OPEC held the line, just as we suggested they would. We didn't feel they'd cut production to halt the price slide, because they've got a handful of reasons not to. First off they don't really like the competition from the US shale producers. They don't like the production from the Russians either. They also like to supply China with cheap oil, because the Saud's and China are becoming more buddy-buddy all the time. Besides, there's been a lot of bickering between the Saud's and the US lately, and poking at stick at the "petro-dollar" feels good to them also.

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