I wonder how many MBA’s it took to figure this out. From Market Watch (I highly recommend reading the comments):
U.S. stocks on Monday will attempt to recover from some hefty losses, but any comeback will likely be contingent on three factors: the price of crude oil, any hints of inflation, and developments in the troubled financial sector.
“Obviously this market is in lockstep with three things, the most important of which is the price of a barrel of oil,” said Art Hogan, chief market strategist at Jefferies & Co.
On Friday, stocks sank as crude-oil futures gained, a trend that played throughout the week, as the weaker U.S. dollar added to the allure of oil and other commodities as a currency hedge. And, more trouble in the financial sector compounded market anxiety.