Monday, February 20, 2012

OIL THREATENS STOCK RALLY?

Yes and no. Oddly, there is a direct relationship to direction of stocks and price of oil, but at some point the price of OIL reaches a level that impacts consumers and helps cause a retreat in prices.

Oil this morning is above $105, premium gas nearing $4 again. Other than QE, there is little for the markets to hang their bullish hat on

D

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