I tend to agree also despite the enthusiasm seen by the public about falling oil prices. It's a common assumption that cheaper oil prices means a bullish stock market. Of course the opposite is the case more often than not if we look at the recent past. It's similar to the real observation that interest rates rise in good time generally and fall in bad times generally, not the other way around. So, I believe it's more accurate to say that falling oil prices is yet another sign of a weakening stock market. Some are finally recognising this after last night's action in the DOW. So, I wonder if the tide is now about to turn for the worse in great haste. I don't really know as I don't try to predict the future. I just follow intraday trends - it's much easier.
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