Sunday, May 11, 2008
One or the Other
Either Oil comes down HARD, or the stock market comes down HARD. (They won't both go up, though both COULD go down.)
If oil heads higher from here, it is my opinion that the U.S. and much of the world's equity markets get CREAMED (that's a technical term). Smashed. Whacked. Smoooshed. If oil heads down, say below $100, my bet it stocks would likely rally.
If you are in equities, you have been warned.
Posted by The Short Story Man at 4:14 PM