Oil prices are down 20% since the high last month.
The big question is what does this mean for the larger economy?
Last week oil and stock prices moved in tandem. While some might be seeing the bottom in stocks, the plunge in oil is less certain.
There is a growing belief that weak oil prices are a sign of the slowing global economy. This is something that really sends fear into markets.
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I thought we bottomed on Friday I opened some calls. I might have to adjust the position as I don’t think we are at the bottom.
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