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kleinbl00  ·  1933 days ago  ·  link  ·    ·  parent  ·  post: The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years

Shit's getting interesting.

There's a house I've been following (there are a hundred or so at any given time; I am my own real estate advisor). It listed in July at $769k and sold yesterday at $560k. That's a retrenchment of 25% in six months. I watched Los Angeles retrench 40% between Dec 2007 and Dec 2009... and that was the mf'n apocalypse as far as Angelenos were concerned.

Meanwhile the WSJ is running fretful articles about how nobody is "buying the dip", talking heads are pointing out that both stocks and bonds are down at the same time (which never happens) and I see shit like this entirely too often:

Do those markets look... a little too tightly correlated to you?

Meanwhile futures and markets are no longer talking to each other. We were supposed to be up 100 points this morning. Instead we're down 30. I don't know what to read into that other than nobody knows what to do right now.