Outlook for Oil: 2008 Thus Far and a Preview of Coming Attractions - Seeking Alpha

Outlook for Oil: 2008 Thus Far and a Preview of Coming Attractions - Seeking Alpha: "My concern has been that at some point, shortages of oil will cause a falling-stocks, rising-oil phenomenon that will crush my oil related stocks along with the whole market. 2008 has started like that. Oil was up 6.34% as of 2/29 (per Barclays Bank Zero Cpn ETN (OIL)) but stocks were down 8.5% (in terms of the S&P 500 ETF (SPY)). For oil-related stocks, the falling stock market trumped the rising oil market, as I have expected. IYE, a broad-based oil-stock ETF, was down 3.8% for the two months while Oil Service HOLDRs ETF (OIH), an oil service stock index, was down 6.7%."


Link