Oil down 2%, SPX up only 2 pts...

Discussion in 'Trading' started by rc5781, Jun 3, 2008.

  1. rc5781


    This is very bearish isn't it?
  2. S2007S


    oil isnt worth anything more than 75 bucks a barrel.
  3. Well its down 6 now.

  4. Says who . . . some kid that paper-trades and spends all day long posting on Elitetrader.com between his college classes?

    Last time I checked, July - December Crude Oil on the NYMEX closed in the $124.00 handle.
  5. empee


    I've been sa ying I think the market tops when OIL does.

    If OIL stays strong market hangs in there, all EPS growth is in commodities.
  6. THERE IS NO CORRELATION BETWEEN OIL AND S&P, I can't believe how many threads I see on here about how the market is going to skyrocket when oil goes down... STOP WASTING YOUR TIME.