There's no diplomatic way to say this: the global stock markets are supremely volatile right now. Going forward, it’s hard not to be worried about predictions like the one from Royal Bank of Scotland analyst Andrew Roberts, who says the global markets "look similar to 2008." Roberts also predicts technology and automation are set to wipe out half of all jobs in the developed world. If you listen closely out the window, you might almost hear traders shouting "Sell! Head for the exits!"
When you're in the middle of so much panic, when people are stampeding in all directions, it's hard to realize that there is no actual fire in the theater. Yes, oil prices are down dramatically, and could go lower, which is not exactly terrific news for oil companies and oil services concerns — particularly those who have invested in fracking production.
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