“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Oil vs. Dow
The 18 month downtrend in the ratio of crude oil versus the DJIA has been broken to the upside, tested, and is breaking out again. We will see if this is just another manifestation of the "risk-on trade" nonsense attributed to easy money central bank campaigns.