People keep saying that high oil prices are a threat to the market, yet every time we look, oil prices are going in the same direction as stocks, not opposite.
Today is no exception. The US rally has melted away, and oil is getting pounded.
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See Also:
- OIL!
- The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, And Euro Hits $1.44
- The 7 Headwinds Facing The Market
Full story at http://feedproxy.google.com/~r/businessinsider/~3/VcCFbmFYNBs/stock-rally-vanishes-into-thin-air-as-oil-gets-pounded-2011-4
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