10 October 2016

SP 500 and NDX Futures Daily Charts - All About Oil

Stocks rallied today on higher oil prices, as Russia and Saudi Arabia said that they *might* agree on some limitations in oil production.

That is not good at all for the real economy, but as we have seen so many times by now, the stock market is no longer tied to the real economy.

It exists in the bubble zone. Along with its denizens, who are living in a world of their own delusions.

Have a pleasant evening.