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30
Sep
Posted in Newsletters by admin

What affects the market today could mean nothing tomorrow, but there is one dynamic I’ve been seeing over and over in today’s market. It relates to the price of oil. Consider that since November, the Dow Jones has dropped 20 percent. Oil on the other hand, has doubled and nearly every day that oil hits a new record high, the stock market ends down on the day.  On Monday, when oil prices fell $4 a barrel, the market rallied higher. The reason oil is having such a nasty effect on…



This entry was posted on Tuesday, September 30th, 2008 at 1:34 pm and is filed under Newsletters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
 

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