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cthulu2016

(10,960 posts)
6. Well, oil prices are
Wed Mar 14, 2012, 10:52 AM
Mar 2012

tied directly to demand in the global economy so they should be correlated with some things. I don't know the specific correlation with the US stock market.

Back in the day people used the price of copper as a leading economic indicator because copper was used in everything--construction and cars and consumer products and infrastructure. Today, since everything is made of plastic (sigh), oil is probably more reliable than copper.

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