Greg Newton submits: In the Annals of Dubious Causality®, one of the longest chapters is now being filmed, pixellated and inked by the conflation of stock market performance and energy price moves. It’s been in all the headlines, and anybody with access to a financial news channel has regularly seen breathless eruptions from the New York Stock Exchange that “Oil’s down $3 and still stocks are down, folks” or “Oil’s up $5 but the energy stocks are down,” or some variant thereof. As though one had something to do with the other. Complete Story » ...
Anytime
Greg Newton submits: In the Annals of Dubious Causality®, one of the longest chapters is now being filmed, pixellated and inked by the conflation of stock market performance and energy price moves. It’s been in all the headlines, and anybody with access to a financial news channel has regularly seen breathless eruptions from the New York Stock Exchange that “Oil’s down $3 and still stocks are down, folks” or “Oil’s up $5 but the energy stocks are down,” or some variant thereof. As though one had something to do with the other. Complete Story » ...