Posted By RichC on December 11, 2015
Stocks have been in decline as investors wait for the Fed to either “move” or get off the pot this month. Adding to the misery for those who are thinking they are in long “safe” dividend paying stocks, like those in energy, they are nervous too. While the economy is not particularly bad, the deflationary pressure from about every commodity (including oil) is being felt around the globe. Markets are taking a hit and right back where they started the year. Who would have figured that with all the easing from central banks around the globe, the printing of money and political unrest … that oil would be so cheap? As someone who rotated into energy stocks this past year, I can comfortably quote President Clinton in saying, “I feel your pain.”
Updated Dec. 11, 2015 12:49 p.m. ET
U.S. stocks headed for their biggest weekly decline in nearly a month as the price of U.S. crude oil fell below $36 a barrel.
Turbulence in the energy market picked up this week, with the price of oil falling to nearly seven-year lows. Investors have broadly sold shares of energy-related companies as the price of commodities tumbled.