if oil bounces this market will crash, page-6

re: so thats how dow goes bullish fall in oil nice in theory however, for the past 10 yrs both the DOW and the price of oil has steadily increased .. there may be some short term correlation to the idea, but not long term

i rising oil price over a period of so many yrs, if it was detrimental to the DOW, it'd be down near 8,000 now, not approaching 12,000

i agree with the concept of the theory and short term, its applicable, but not over the longer long term. the rise in the DOW recently has been due to the number of factors ... such as falling oil price, a halt to interest rate rises, lower than expected inflation growth and a few others such as technicals.

i'd say october will see a pullback but not the levels seen earlier this yr. i'd say aussie market will only be marginally affected by that since it really has not recovered from its falls earlier this yr. having said that, its had a stellar growth period over the past couple of yrs, the DOW has not.