@hisah,am lost as to what triggered the rapid decline.is it the volumes,increased research or america and Canada shale production.or politics by Saudi.did Elliott wave movement foresee the probability of such.big question.can the same happen to equities world over now that we are all inter link.imagine a UK or euro crisis.can fall of china bring untold pain.external factors are very dangerous as we can't predict how African equities will act.i think the oil saga has made me open up to various possibilities.

Great reply@ hisah.now that we know that oil will bounce back ,where can a local invest in commodities (oil)when the bottom is breached.i personally wonder if $40 is the not madness.

Back in 2012, when Denmark first cut its benchmark deposit rate below zero, commercial banks balked at the suggestion they could share that cost with retail clients for fear of losing business. Now, with rates even lower and the prospect of further cuts, banks are considering charging the people whose deposits provide their funding.

“We cannot pay interest on an account and then deposit the money at negative rates in the central bank,” Christian Clausen, chief executive officer of Nordea Bank AB, said in an interview in Stockholm. “It simply won’t fly.”

Banks May Force Clients to Eat Cost of Negative Nordic Rates



Savers and depositors in euroland being forced out of holding cash.

Mattress Coffer Inc (MCI) demand going strong or is it home safe deposit box parabolic demand...