News for hackers. Stuff that matters.

A comment on S&P 500 triggers 15-minute trading halt for the second time this week. Parent comment

Re:S&P 500 triggers 15-minute trading halt for the second ti... by mschuster91 on Thursday March 12, 2020 @10:14AM (#22557056)
> Double this with plunging oil prices.

Who knows how long oil prices will be falling? In the end it's a pissing contest between Russia, Saudi-Arabia and the US. It may be over tomorrow, it may be over in a year...

[ Parent | on HN ]
Re:S&P 500 triggers 15-minute trading halt for the second ti... by Robotbeat on Thursday March 12, 2020 @10:35AM (#22557268)
A recession will depress oil prices all by itself. Plus dramatic reduction in air travel and now people teleworking (reduction in domestic fuel consumption). China has reduced output a lot, restricted movement (work from home), and exported less stuff, meaning less shipping and train oil consumption the world over.
[ Parent | on HN ]