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Wasn't an agreement well known in advance? Shouldn't this have already been baked into stock prices?
by tosseraccount 11y ago
Wasn't an agreement well known in advance?
Shouldn't this have already been baked into stock prices?
- mikeyouse 11y agoAnd since oil prices are near 10-year lows, I think it seems the market's reacting.
- phkamp 11y agoI don't think anybody doubted they would sign something in Paris, and that is baked in, but the actual content wasn't known until after market close on friday. Professional traders will have diversified away from fossil stocks due to the uncertainty, but on monday they will either jump back in, or stay even further away, depending on their take on the agreement.
- TaylorSwift 11y agoYes, crude oil is at record lows.
- tosseraccount 11y agoApparently not. $12.45 in 2115 dollars in 1998 is the low. http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp http://inflationdata.com/Inflation/Inflation_Rate/Historical...