Well it sure as hell looks like it is when oil goes up!!! Every time oil goes up we go down!!! And every one and their mother says it's cause "oil is going up so naturally airlines go down"!!! And that is what King is talking about and I agree. We should not be here at this level to begin with!!! $49 is an insult!!!
I hear you. So, if oil shoots up green (heaven forbid), and airlines tank another 2% would that make sense to you? Because that's exactly what will happen the second these oil Bulls push her back up like they've been doing.
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