CNBC Mad Money September 16, 2016
Nothing can trump oil when it goes down. No amount of good news. So once again the markets sold off, the dow sinking 89 points, the s p losing 0. 38 . Were not going to get out of this Oil Conundrum easily. As ive told you many a time, you can deride it all you want, the linkage, absolutely. But you see, you cant dismiss the fact that oil is in control. And weve got a very firm pattern going here. Oil is a hardtime rally on the fundamentals because we have a dramatic glut thanks to aggressive pumping really by the saudis. The correlation with the stock market revolves around demand. The suppos...
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