Remember the halcyon days of the ECB, when Draghi and Merkel and the French dude released something every five minutes? Fed heads have done the same thing to us for the past 10 years. Markets gyrated on every syllable and buzz word. It was crazy town.
We now have similar tomfoolery with OPEC, Russia and the Saudis with regard to oil. History doesnt always repeat but it often rhymes. Enjoy the fun.
Here are just some of the headlines this morning. Confused much?
SAUDIS ASK RUSSIA AND OPEC FOR 5% PRODUCTION CUTS
*RUSSIA ENERGY MIN: TOO EARLY TO TALK OF POTENTIAL CUTS PACT: DJ
SAUIDIS SAY NO INTEREST IN PRODUCTION CUT