Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.
Todd Harrison was on The Daily Ticker
with Aaron Task and Henry Blodget on Monday discussing the negative impact of plunging oil prices. Despite lower gas prices for consumers, the decline in the price of oil indicates a contracting global economy. Todd stated, "[I]f crude is at $150, odds are that other asset classes -- barring a war -- are up there with it, including stocks, so you have a wealth effect that will more than make up for higher prices at the pump."
See the full video segment below.
No positions in stocks mentioned.