Re: It seems diana cannot stop talking about Crude/OSX Relationship
Hi Jacob,
Re: <<<"...But there might be a correlation between today's crude price and the stock prices 3 months from now (or one month or one year). ...">>>>
I think it might be possible to find such a correlation for some period of time.
But I think the relationship would be specious.
imho, It is the market's perception of (supply-adjusted) future Demand that moves the OSX, not the oil price--past, present, or future.
But I'm just a simple grrl, and often wrong, and I might be the Only One who Doesn't Believe " It's the Oil Price, Stupid,"
(But I do have Great Respect for Big Dog. I just see this differently.)
imvvho, the commonly assumed causal relationship between oil price and the OSX is false. It is attractive and has many advocates because of its straight-forward simplicity and because oil price and the OSX very often move together. This often seen parallel movement, imho, happens because they share many influences, not because oil price is the cause of OSX movement.
I have all this, in much greater detail, printed on poster boards which I wear as 'sandwich boards' as I walk up and down Wall St on afternoons when I'm not working.
regards,
diana |
