Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Franco Battista who wrote (15861)	11/30/1998 8:22:00 PM
From: Roger A. Babb	Respond to of 18691

Franco, here is my case for lower oil prices being bullish for everyone except the oil producers. As proof of the point, the stock market is at an historic high and oil prices are very low. Take a 30 year plot of oil prices and the Dow together, note the inverse correlation. Lower oil prices mean lower gasoline prices, people buy more cars and travel more. Lower oil prices mean lower electricity and natural gas prices, helping margins for manufacturing and giving consumers more money to spend on other items. Lower oil prices mean lower airline and truck freight costs. And so on.......... Very bullish.