Tuesday, July 11, 2017

Why lower oil prices could negatively affect the bull market in stocks

What will happen if oil prices continue to fall
"Financial worries will no doubt magnify, and the result could be the shock we’ve been looking for that would end the long bull market in stocks that started in March 2009 and precipitate a recession."

Oil prices could fall to $10 - $20
[Oil prices collapsing] "would be a financial shock reminiscent of the dot-com collapse in the late 1990's that precipitated the 2001 recession. It would also resemble the subprime mortgage debacle in the mid-2000s that touched off the 2007-2009 Great Recession, the deepest since the 1930's."

via thinkadvisor