FYI: Global stocks were drilled again by tumbling oil prices. Crude slipped to under $58 a barrel after the International Energy Agency cut its estimate for oil demand. The S&P 500 skidded 1.6% on Friday, cementing what was the benchmark’s sharpest weekly decline since May 2012. A market rout globally spared few corners of the equity market. Bonds prices rose, and the CBOE Volatility Index, the market’s “fear gauge,” closed at its highest level in two months.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2014/12/12/etf-market-signs-dec-12-stock-plunge-punctuates-ugly-week/tab/print/
