Panic on Wall Street!

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Today 10/09/2014, All Economic Indexes on Wall Street Collapsed

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Oil slumps to lowest close since December 2012

US Oil Inventory 5 millions Barrels

Saudi Arabia Increase Production

Germany Economicgrowth down

10/09/2014

Stocks plunge: Dow drops 334 points [2%]

Today The Dow plunged 335 points, or 1.9 %, for its largest point decline since July 31.

10/09/2014

Some Factors

● Low Global economic growth 3.3% [IMF]

● Low Germany export & manufacture orders

● Possible EBOLA Pandemic

● Oil price down to 2012 price level

● Strengthening of US Dollar as International currency

● Stocks from Energy Sector Sinks● Global Geopolitical tension, Ukraine, Syria, Iraq, Israel….

Oil Prices Sink as World Supplies Rise and Weak Global Demand

IMF says Global economic growth expects to be 3.3% in 2014, down from its April forecasts as countries fail to recover strongly from recession.

Larger than expected build of 5 million barrels in weekly U.S. stockpiles in the week ended Oct. 3, according to the U.S. Energy Information Administration.

10/09/2014

OIL

10/09/2014

10/09/2014