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.
2 comments:
Any idea how long it might take for this to happen? Your educated guess will be much better than mine...seeing that I am a scientist and not an economist.
Many thanks for your blog...it is informing and entertaining.
Stephen
Stephan:
I am almost offended! An economist? I am no such thing!!
Just kidding. I have little formal training in economics, just the ussual undergrad requirements... Mostly, I would best be described as "self educated White Trash" (that was the line a former partner used to describe me and he was trying to be insulting... I positively LOVED it and use it now as my own...)
I wish I had a better handle on timing market conditions. I would be a great deal richer... that said, I am assuming that you mean "when" as in when will the equity market tank...
Watch oil. Oil will lead the way. If you see oil at $150+, it is my opinion that a severe market correction will follow, or a severe round of hyper inflation has already occured. Keep reading here and I will be happy to vent about it all.
Post a Comment