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Re:Wherever oil goes, the stock market goes by imtringued on Monday February 15, 2016 @10:10AM (#11103720)
The reason is largely physological. The stock market traders think oil price is an indicator for demand. When demand goes (=oil price) down this indicates the end of a bull market and the begin of a bear market. So obviously they want to sell their stocks before the price goes down naturally which causes a stockmarket crash.
Re:Wherever oil goes, the stock market goes by DougN7 on Monday February 15, 2016 @10:47AM (#11103931)
Which would mean that when other producers see that demand for _their_ products hasn't actually fallen (and hopefully rises because gas-buying consumers have more money in their pockets), we should see a nice bounce back in stock prices for everyone but oil?