"Oil Correlated to Dow Jones More Than Ever"

[jjthejetwilder]

http://seekingalpha.com/article/215732-oil-correlated-to-djia-more-than-ever

Is it a good time to get into oil in hope to catch the economic recovery wave?

What are some stocks that take advantage of this?

 

[Haroki]

ERX/ERY are 3x energy (not just oil) ETFs.

 

[CaptainObvious]

If you're looking for a decent correlation to oil look at the Refinery Yields.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MGFRYUS3&f=M

You'll note the trend this year has be edging down, hence the rising prices of oil, even thow the economy is faltering. You should also note what they were running at during the summer of 2008 when price were at an all time high. If we continue to trend towards the 42-43% level, oil will zip right up to 100 bucks+. Throw in some wild eyed speculation, and 125 is reachable. Of course, if it reverses, then short this pig down to 50.

 

[HappyJoe]

You can find a correlation between the divorce rates in China to the oil markets if you look hard enough. Doesnt really say much.