Stock Market Analysis - 08-14-2008
August 14, 2008 at 9:09 pm · Filed Under Broader Market
The market rallied today as oil dropped again. Or if you want to believe what I just talked about yesterday, you could say the market rallied today because the US Dollar rose again. Of course the cause of any given day’s market movement can never be attributed to a single news item, but the plunge of oil has definitely held a close correlation over the past several weeks. Oil has been dropping without pause for a while now, so turn up the correction watch and don’t get caught being too greedy if you’ve been lucky enough to ride this wave down.
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