{"id":2249,"date":"2014-11-30T17:21:25","date_gmt":"2014-11-30T22:21:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2249"},"modified":"2014-11-30T17:21:25","modified_gmt":"2014-11-30T22:21:25","slug":"panic-selling-saudi-stocks-crash-into-bear-market-following-opec-decision-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2249","title":{"rendered":"&#8220;Panic Selling&#8221; Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-11-30\/panic-selling-saudi-stocks-crash-bear-market-following-opec-decision\">&#8220;Panic Selling&#8221; Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">It&#8217;s not just Shale oil stocks in the US that are hurting. Following the OPEC decision to<em>not<\/em>\u00a0cut production and squeeze US producers,\u00a0<strong>Saudi Arabia&#8217;s major stock market index has tumbled into a bear market, giving up all the year&#8217;s gains<\/strong>. As one analyst noted,\u00a0<em>&#8220;investors are afraid if oil stays where it is, it will negatively impact the government revenues, thus creating potential headwinds on government spending.&#8221;<\/em>Dubai stocks &#8211; our long-time favorite bubble index &#8211; has also been hammered,\u00a0<strong>down over 7% intraday at its worst<\/strong>&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141130_saudi.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141130_saudi_0.jpg\" alt=\"\" width=\"600\" height=\"314\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.bloomberg.com\/news\/2014-11-30\/dubai-shares-lead-gulf-slump-as-oil-drops-on-opec-failing-to-cut.html\"><em>As Bloomberg reports,<\/em><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Panic Selling&#8221; Saudi Stocks Crash Into Bear Market Following OPEC Decision | Zero Hedge. It&#8217;s not just Shale oil stocks in the US that are hurting. Following the OPEC decision tonot\u00a0cut production and squeeze US producers,\u00a0Saudi Arabia&#8217;s major stock market index has tumbled into a bear market, giving up all the year&#8217;s gains. As one [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[1530,600,701,1531,723],"class_list":["post-2249","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-dubai-stocks","tag-opec","tag-saudi-arabia","tag-saudi-stocks","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2249"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2249\/revisions"}],"predecessor-version":[{"id":2250,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2249\/revisions\/2250"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}