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S&P 500
5,894.37
(
0.40%
)
US TECH 100
20,021.20
(
0.80%
)
Dow Jones
43,396.50
(
-0.11%
)
Brent Oil
72.96
(
3.18%
)
Bitcoin
91,006.83
(
1.27%
)
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DownWithPumpers

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DownWithPumpers

Re: Newyorker post# 20269

Wednesday, 02/03/2016 2:55:03 PM

Wednesday, February 03, 2016 2:55:03 PM

Post# of 39190
> A young woman in Bloomberg in premarket this morning said oil and S&P had decoupled.

She's an idiot. The best you can say is that instead of oil driving the market 97% of the time, maybe it's driving the market 75% of the time --- but so far there's no firm evidence of a number lower than 97%.

Here's the article supporting the 97% number:
http://www.wsj.com/articles/oil-stocks-dance-the-bear-market-tango-1453722783
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