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Crude Oil declined $100 per barrel back in 2007/2008. Was this good for the 500 index? During the same time frame the 500 index fell 45%.
Over a 6 month stretch last year, Crude Oil declined $35 per barrel. How did the 500 index perform during that 6 month window? Down over 19%.
High gas prices and its impact on the consumer are a hot topic of late. Many are wishing that Gas prices and Crude Oil will back off in the near future. If Crude Oil falls in price would that be good for the stock marekt? The last two times Crude Oil declined 20% or more, so did the S&P 500!
Should investors wish for a decline in Crude Oil? Someone once said... "Be careful what you wish for!"