Big trouble in China as oil’s slide inspires visions of world peace
Published: Dec 9, 2014 8:05 a.m. ET
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Then there’s oil. Oh yeah, oil. Aside from being a potential stepping stone to world peace (see below), this precipitous drop to five-year lows is proving a bit too much, even for the sectors that should benefit, according to Jonathan Sudaria of the London Capital Group
“The geopolitical games being played out in the oil market at the moment are stirring up too much uncertainty and having unintended negative consequences right across the asset spectrum that could be the ruin of many a traders Christmas,” he said. “Equities have had a nice bounce since mid-October so traders will be forgiven for booking profits as we come to year end.”
In the early going, that’s exactly what they’re doing.
complete article:
http://www.marketwatch.com/story/big-trouble-in-china-as-oils-slide-inspires-visions-of-world-peace-2014-12-09?siteid=nwtam
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