recover few iphones now....but can oil drops further lower tonight itself?.....

Somehow I think Oil is the leading indicator for stocks (SP500, Dow, Nasdaq) now. When Oil falls, stocks also fall and they all follow.  The majors (SP500, Dow, Nasdaq) shouldn't do that but because of all the "programmed" functions, they just do until they diverge out. At this moment, the close correlation is intriguing.

Yes, Oil right now, fundamentally is oversupplied - but then, what is the right price when it makes no sense to be so low anymore, right? Until all the producers decided to shut off their wells, then bam, we will run into undersupply and oil will zoom back to $100?  Sometimes, the market forces just overshoot to the downside and then overshoot to the upside again.

The demand for oil actually still growing but not as fast as the supplies are available. But, below $30, I think, it already too low to make sense to even pump for oil.  It takes more than $30 in more than 50% of the rigs world wide to make money.

Also, since Malaysia oil is off-shore, this is extremely expensive too...I think they are losing money everyday if oil stays at $30. No wonder, Msia govt warns of retrenchment in O&G sector. This year it is going to be tough.

i went uwti in 192, out 205, happy.
dow is -100 steady, doesn't look like crude can go very far tonight...

i am actually getting a little tired... not getting enough sleep, very bad.

will do this crude thingy less, try to close shop early.

do the less volatile ones...
dow still -100.

market may just mark time, wait for fed statement at 3am....  another late night...