Heading into the weekend, the selling is intensifiying.
Indices are down, and anyone associated with Deepwater is getting hammered again.
The Risk Trade Is Off — everything from stocks to commodities to risk currencies are accelerating to the downside.
Continuing Crisis In The Gulf: BP down 5.18%
Continuing Crisis In The Gulf: Transocean (RIG) down 3.3%
Continuing Crisis In The Gulf: Halliburton (HAL) down 6.97%
Big Shale Oil Purchase: Royal Dutch Shell (RDS) down 0.55%
Spanish Banking Consolidation: Santander (SAN.MC) up 1.57%
Worldwide iPad release: Apple (AAPL) up 0.64%
Hurricane Threats: Orange Juice up 1.27%
CEO Pay Scandal: Schlumberger (SLB) down 4.98%
Schlumberger’s CEO is ranked 10th in the world for pay, after a $15.4 million windfall.
Oil Drilling Permits Suspended: Anadarko (APC) down 5.2%
As a result of new U.S. government rules, Anadarko has had drilling permits suspended.
Worried about the future of oil? China isn’t.