Those long non-oil stocks (I'm talking direct as possible; I'm not even referring to refiners, which will shoot to the moon if oil falters), should be absolutely cheering for a total break down in crude.
At this point, a shoring up of the USD and a collapse in crude oil prices (brent and WTI) will absolutely open the floodgates to new cash into the equity markets.
At this point, a shoring up of the USD and a collapse in crude oil prices (brent and WTI) will absolutely open the floodgates to new cash into the equity markets.