Oil takes down this market starting today...

First down day in mkt in a while, stocks are actually weak and you go long the mkt.

I wish you well.

 

LOL I think you need to study the market a little bit more, this is the third down day of the last five days. And anyway I am fine, thanks

 

what is going on with the banks?
thanks

 

Look up a seasonal chart for oil. Sept is a huge up month, followed by a deep selloff into mid-December.

At current levels, it makes sense that equities would sell off hard on a significant leg higher for oil.

I'm positioned for the same move, but shorting USDs as my preferred market in this instance.

 

LOL I was thinking, if all 1,306,313,812 chinese bought a Hummer, maybe it would cover the 9,326,410 sq km land area of China then?

 

Banks have been diverging from index strength for weeks, if not months, at this point.

 

Oil is only part of the picture, look at NG/HO/etc

 

Yield curve inversion looks much more likely now compared to just last week. I guess the whole market is looking at that as well?

 

england and the US getting bad inflation numbers did not help either. england had a big jump in their reported numbers.

i think more institutional houses are starting to feel the possibilities of an oil parabolic are near ----- time to hedge those long equities and rotate more equities defensive.

 

I LOVE IT! Stocks went down on bad inflation numbers. Bonds rose on good inflation numbers. Don't you love the market?