Wednesday, January 30, 2013

USO Oil and SPX Moving in Lock-Step

The oil, copper and commodities push higher over the last couple weeks, as the central banker pumping creates new asset bubbles, is providing rocket fuel for markets. Over the last month, oil (the USO is an ETF proxy for oil), the blue line, and the SPX, green line, are moving in lock-step higher. Higher oil = higher equities. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.

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