Compared to the close yesterday of the Euro, the market is rich in valuation right now, the correlated equivalent would be about SPY 123 as of right now so it's about 1.6 points rich or 160 S&P points.
5 years ago
Wednesday, October 26, 2011
USO/Market
As a member correctly points out, there is a strange divergence between USO and the market.
Compared to the close yesterday of the Euro, the market is rich in valuation right now, the correlated equivalent would be about SPY 123 as of right now so it's about 1.6 points rich or 160 S&P points.
Compared to the close yesterday of the Euro, the market is rich in valuation right now, the correlated equivalent would be about SPY 123 as of right now so it's about 1.6 points rich or 160 S&P points.
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