Oil dropping

It seems that the stock market is positively correlated with the price of oil.  If oil price rises, then so will stock market.  If oil drops, then market follows down.  I do not understand this.  Lower oil = cheaper energy, less spent by comsumers, more in their pockets, etc.  Right?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s