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Wednesday, December 10, 2014

The Market On Wednesday

  Good morning. It is 33 degrees, snowing, and very slushy out there. Call it a wintery mix. Lots of fender benders last night so drive so slow that the person behind you curses your family many generations back. The torture report came out yesterday as did the people responsible for the report in the first place. That would be the authoritarian sadistic medieval sociopaths of the Bush administration with Cheney leading the way with unmitigated defensive chants of hooey and baloney. No doubt authoritarian regime promoter and loud mouth harpy Coulter is in the middle of the pro-torture sado-chorus. We must remember that no good authoritarian worth his or her weight in water-boards possesses a reflexive conscience that would allow them to recognize that their actions are harmful. Quite the contrary, they truly believe their actions are meritorious and in harmony with the divine, as long as they are no being abused, then it's different, you know. This is why we have a justice system which will essentially ram time in jail down one's divine authoritarian life. Alas, Bush and company are beyond the reach of the law. All we can do is reserve a special level of utter disdain and contempt for their blackened souls.

  At 9:00 a.m. ET futures are lower and the price of oil per barrel continues to slide. The market will open lower.

  Hey, the news remains the same here. The price of oil is now descending to $60 per barrel. Gas guzzling lovers go nuts, have a field day, bathe in it perhaps. In truth OPEC has unleashed a world of hurt in many directions.

CNN: Stocks: 4 things to know before the open
The price of crude oil is off by nearly 2% and trading below $63 per barrel. Oil prices have fallen by nearly 40% since June, which has created a lot of uncertainty as investors try to guess when the price will bottom out.

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