It really is the stock market’s worst. year. ever.
The opening days of 2016 are the worst-ever for the venerable Dow Jones Industrial Average. That’s according to Howard Silverblatt, the man who meticulously tracks the performance of the Dow, the S&P 500 and sundry other market metrics at S&P Dow Jones Indices. To be clear, the first 12 days of trading in a given year have never been this lousy for returns, based on records stretching all the way back to 1897.
Global depression around the corner? Ship cargo rates at all-time low
The global economy appears to be in danger. The Baltic Dry Index, an indicator of international cargo trade, has fallen to its all-time low.
In the past, the index is notorious for falling ahead of some of the biggest economic depressions – including the dot com bust in 2000 and the great recession of 2008.
I thought the world was running out of oil for the past 40+ years ?
Oil plumbs new lows below $27 as oversupply woes persist
U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also worried that the crude supply glut could last longer.
Oil has fallen more than 25 percent so far this year, the steepest such slide since the financial crisis, piling more pain on oil drillers and producing nations alike. Yet they keep pumping more oil into an oversupplied market.
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