Here is a quote board showing Crude Oil (CL-067) and Stocks (SP-067). As you can see both of these markets are declining quickly together. This is from the mid morning of today. This is just another example of how Crude price moves do not cause the opposite moves in stocks. The pundits would have you believe this type of drop in Oil would cause a stock rally. It certainly does not seem to be here does it?
I covered this in the newsletter, but this just jumped out at me today.