Monday, May 2, 2011

Stocks Rise On bin Laden Killing, Fall on Crude Oil Rise

Interesting! I am surprised to see crude oil rise to nearly $115 after sinking to about $110.85. It could be that this is the reason stocks have been weak since the initial reaction to the news of the killing of Osama bin Laden last night, as shown at the far left of the chart.

This price for crude oil will ultimately bring a recession.