Crude and Equities are linked - strongly. Current ES drop was preceeded by big drop in Crude and ETD, USO... Cude now at 2005 lows, down about 6% USO more hyper than Russell
Jahajee, EVERYTHING is linked to equities these days because the motto is "it's the economy, stupid!"
As expected, the friggin' bulls tried to snag the ball from the bears. However, if my unreliable crystal ball is correct, then we should see the market tanking from here on out. But don't pay any attention to this noob.
Before this debacle, there was an inverse relatiionship between crude and equities. But, now both move in the same direction. I am trying to buy some USO at a ST bottom but looks like it s going down lower. Well, I think it is the stupid Paulson and Bernanke and COngress.