Toddo On TV: If Oil Loses, Who Wins?
Markets, movers and more.
Toddo notes the KBW Bank Index (BKX) -- technically significant at 68.60, as it would represent a higher high for the financial complex – is up 47% in 3 weeks. Wachovia (WB) is up more than 100%. Ambac (ABK) is up an astounding 240%.
Now watch this! Toddo takes a gander at the S&P hovering at 1250, the NASDAQ 100 Index (NDX) sitting at 1850 and crude teetering at $120.
Who wins if the price of oil retreats? Minyanville's top dog discusses why the psychology surrounding lower oil will shift from equity positive to "global growth negative."
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