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

This is very bearish isn't it?

 

oil isnt worth anything more than 75 bucks a barrel.

 

Well its down 6 now.

 

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.

 

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.

 

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.