trader - people start fearing that the price of oil will slow
demand and slow the economy in general, so the upside for the
stocks is perceived as less, regardless if oil keeps going
higher. In general its not unusual for commodity stocks to
lead the commodity, up or down. happens often with gold.
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trader - people start fearing
DUG
Posted by Michael on 21st of May 2008 at 03:50 pm
trader - people start fearing that the price of oil will slow demand and slow the economy in general, so the upside for the stocks is perceived as less, regardless if oil keeps going higher. In general its not unusual for commodity stocks to lead the commodity, up or down. happens often with gold.