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  #1  
Old 06-19-2017,
abetemubbrek abetemubbrek is offline
 
Join Date: May 2017
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Default What is your prediction on the stock market if the Gulf oil well is capped?

For that day of trading when it happens?

Suppose it is capped Friday before the Markets close for Memorial Day and what will the markets do on the first day back?
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  #2  
Old 06-19-2017,
ABPjypaKHB ABPjypaKHB is offline
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Suppose it is capped during the 3-day holiday, what will the stock market be like at 11 am on the first day of trading after the break?
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  #3  
Old 06-21-2017,
AchFrNet1 AchFrNet1 is offline
 
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I don't think it will have any effect on the market. Maybe all those big shrimp stocks will soar. Of course I'm joking since I've never heard of a shrimp company that is publicly traded.
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  #4  
Old 06-21-2017,
abuaboyisonib abuaboyisonib is offline
 
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BP might get a bounce, but overal the market won't care.
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  #5  
Old 06-22-2017,
admin admin is offline
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I think we'll see a small market bounce. There are several companies, let alone industries, that have been affected by this spill debacle. It's one thing to have just a rig explosion, an oil spill, or just an oil leak in the pipeline. But this has been a month long of failure and there is so much distrust about BP's damage estimates. Once this is capped and the full extent of damages is known, investors and the public can get a reference and some clarity about the overall outlook (of course I expect many companies to be crucified in the short-term).

Until the leak is stopped and the damage claim unknown, I don't think investors and the public are comfortable investing in the unknown...especially when there's so much more potential downside. I believe we'll see a 1.5% bump in the market when we the good news. However, the majority of the negative sentiment seems to be coming from Europe.
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