US stocks fall for a 4th straight day; price of oil surges

[Omaha Steve]

Source: AP-Excite

By KEN SWEET

NEW YORK (AP) — A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row.

Edgy investors continue to monitor violence in the Middle East and the rapid ascent of the U.S. dollar, which is causing companies to pull back their profit forecasts for the year.

After hitting record highs earlier this month, stocks have been steadily declining this week. Strategists and traders said the strong dollar, geopolitical tensions and a market that is already expensive have given investors little impetus to buy in recent days.

"We have been due for a pullback," said Brad Sorensen of the Schwab Center for Financial Research. "The markets have been focused on the Fed (potentially raising interest rates) and the impact of a stronger dollar."

FULL story at link.



FILE - This Oct. 2, 2015 file photo shows the facade of the New York Stock Exchange, in New York. U.S. stocks are edging lower in midday trading Thursday, March 26, 2015, extending the market{2019}s losses to a fourth day. (AP Photo/Richard Drew, File)

Read more: http://apnews.excite.com/article/20150326/financial_markets-91104710ba.html

[regnaD kciN]

1. IT'S ALL OBAMA'S FAULT!!!!!

[Andy823]

2. They buy low and sell high

Speculators have driven up oil prices since it hit a low around $43, pretty much like the did last time when the got up to around $51 when they stated selling it off till it draped to the $43 level. They will keep doing this as long as they can to so they can keep making profits. Same with stocks, they sell, take their profits, then prices drop, then they buy them up and start the process all over again. It's a cycle designed to get people scared enough to sell, which helps them in the process of lowing prices. It's all a game and they don't care who gets hurt as long as they keep making profits.

[mpcamb]

3. Right; nicely managed. Goose that oil price up for no rational reason.

[magical thyme]

5. they're "buying the dip" strategy for now. sooner or later there will be a "correction" and

the "little people" who are buying the dip will get burned. The bigger the swings get, the closer the toppling gets. TPTB, naturally, will have set it up by shorting the market during after market trading and make out like the effing lying, cheating thieving bandits they are.

[Fred Sanders]

4. Wait a minute..wasn't the business media theme last week that stocks go up when oil goes up? Who is lying now?

[daleo]

6. That was last week

Every week has a different rule.