.... I'm not saying that the market is Healthy... but... there is now a direct inverse relationship between the price of oil and the indexes.
This market gave up on that 9 months ago....
I suspect that it's an indicator that the market is Healing...
I'm not saying it's going up... But if oil will come down we could see a nice move in the market... which is one of the most rational things I've seen in the market in a long time.
I don't know about you but... I have noticed that the market and the economy has been very unhealthy since gas moved above $3.00
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, May 7, 2008
Market health
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