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ALJAZAM News January 16, 2016

U. S. Stocks down nearly 391 points today. The first two weeks of 2016 have been devastating for wall street. It is tied to the plunging price of oil. The world hasnt seen such cheap oil in more than a decade. Thats putting all kind of pressure on countries and economies that rely on petroleum production. John explains the downside. Who would have believed we would talk about this story in u. S. Stole off because wall street is worried too many Commodity Companies will go bellyup now that oil is in the bargain basement. At the new york stock exchange, a sea of red driven by an ocean of black. Cr crude oil so cheap and plentiful investors are scared the low price will damage the Global Economic recovery. A terrible start to the day, terrible start to the year. The selling is universal. Today, the stocks that have done so well last year were up a lot more than the average ....

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