UBS Ag (WTIU)

[luckydude777]

Roughly 15 years ago and going back further into history, every time the major markets had a huge selloff, oil consistently climbed. It was seen as a "Safe haven" place to park one's profits, which made it rise it value.

Gold ran a close second to oil, and sometimes even better than oil in upwards momentum.

NOW ... gold is no longer a safe-haven component, and it seems that oil has decoupled from market selloffs and now does what it does all on its own, which makes it a bit more challenging IMO.

Right now it "appears" oil is falling with the big drop in the market. Notice I say "appears". One has NOTHING to do with the other IMO. Oil is dropping simply because HUGE shorts wanted it to drop.

And no matter WHAT the major indexes will do once they reach their bottoms, oil is going to rise primarily again because shorts cover their trades and put their profits into LONG bets.

Though I can't prove it, I believe nations and huge corporations are playing with the oil "Yo-yo." EASY way for them to make guaranteed profits when you're with the oil "in crowd" who truly controls the price of oil.