Now Its Time To Buy Dug!!! Goin "all In"!!!

[Landis82]

Quote from nimble:

What is the relationship between oil price and stock indices?

I have heard both sides. Oil up=Stocks down, Oil down=Stocks down

"Stocks" is referring to the S&P 500, and the reasoning is that profits of oil companies goes down if oil price goes down, and 50% of S&P is oil related company.

What do you think?

You obviously have NO IDEA what you are talking about . . . That's WHAT I THINK!

Do you even know what the actual energy sector weighting is in the S&P 500?

Try 13%, with XOM being the largest component in the S&P Index at 3.98%

http://www2.standardandpoors.com/spf/pdf/index/SP_500_Factsheet.pdf

 

[nimble]

Sorry, looks like I got the 50% wrong.

I heard it from someone I trust, and I will go back to question my source now.

So what's your take on my "Oil and S&P's relationship" question?

PS. There's no need for all caps.

Nimble