Hold on, folks!

Either the market is already crashing, or oil is on a rebound. I think it is probably the former, and we will try to blame it on the feds. But, it’s really the oil market. Ironically, this will happen despite consumer confidence being up. I hope I am wrong, and maybe they will meet in the middle. but, these charts show: one thing for sure…they will meet.

djiaoileft

The purple is the DJIA, and the green is the Oil and Gas Index. Considering the all of the continued bad news about oil, i think it is more likely the Dow is headed way down.

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About Scott

Live next to Chevron refinery. Lots of petroleum consultants in the area. I am interested in learning more about the industry. Also, interested in finance, business, and investing in world markets.
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