What price of oil will make the stock market actually go down?

[blackchip]

Pick one.

 

[Ivanovich]

LOL! At $1000 oil, we're in some pretty serious sh*t. I think we're all dead before that point.

 

[Avid_Consumer]

not if the fed and the whitehouse continue to nuke the dollar. given enough time i'm sure bush and bernanke could spend and print the dollar down to a peso

 

[Ivanovich]

Quote from Avid_Consumer:

not if the fed and the whitehouse continue to nuke the dollar. given enough time i'm sure bush and bernanke could spend and print the dollar down to a peso

So, just so I understand you correctly. You think that if the Fed and Whitehouse continue to devalue the dollar, $1000 oil won't be the death of us?

 

[blackchip]

Another choice could be -

The stock market will never go down as long as there are glorious Patriots in the Whitehouse (willing to use the Treasury account to buy S&P futures.)

 

[Avid_Consumer]

Quote from Ivanovich:

So, just so I understand you correctly. You think that if the Fed and Whitehouse continue to devalue the dollar, $1000 oil won't be the death of us?

the dollar is just a pricing unit. a buck could drop 90% in value, oil could hit $1000 a barrel, and technically not have changed in value relative to other things at all.

 

[tradingjerry]

the price of oil is getting haywire

 

[tradingjerry]

it has already reached the 1000 dollar level

 

[donnap]

Zimbabwe, baby. 1000 oil = nominal earnings skyrocket. Market up.

 

[ShoeshineBoy]

Quote from blackchip:

Pick one.

The market does not seem to be reacting to oil much any more. It seems much more sensitive to interest rates.

Don't know if that's rational or not...