FYI: Santa, baby, hurry down the chimney tonight,” the old Eartha Kitt song goes.
For investors, Santa can’t come fast enough.
The Dow has been down more than 200 points during trading two days in a row; on Wednesday it closed down closer to 300 points. In the oil market, the wheels seem have come completely off the bus. Greece is back in political crisis. Europe is barely staying out of recession, barely avoiding deflation. The crash in the oil market has people concerned about defaults on the junk bonds that financed so many shale-oil projects. Also, it’s all coming at a time when the Fed is debating how and when to change policy directions, and the world’s other central banks seem unable to fill the void.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2014/12/11/morning-moneybeat-santa-baby-the-market-needs-you-now/tab/print/Santa Baby: Eartha Kitt:
