What This Bear Market Has Proven So Far

by billb 22. October 2008 15:02

Oil prices and stocks are not as correlated as we think
Oil prices are not controlled by oil companies and it's simply grandstanding when we try to hold oil executives accountable for the price of the commodity.
When the bear hits, all assets are correlated ... they all go down.
SHORT SELLERS ARE NOT RESPONSIBLE FOR DOWNWARD MOVEMENT!
When bubbles pop they hurt. They also cross into seemingly unrelated industries.

I don't think I've revealed anything new or earth shattering. I'm mostly documenting for the next bear when it's "different" that time.

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