These two charts are self-explanatory:

click for larger charts

1204_oil_cont_contract

1204_spx_v_oil

Charts courtesy of John Murphy/StockCharts

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Quote of the Day: 

“If you do not know who you are, the stock market is an expensive place to find out.”          

-George Goodman

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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