Oil and stock market correlate? Nope ... "It is popular to correlate changes in major factor prices, such as oil, and the performance of major stock market in

Oil and stock market correlate? Nope ... "It is popular to correlate changes in major factor prices, such as oil, and the performance of major stock market indexes ... Andrea Pescatori, an economist at the International Monetary Fund (IMF), attempted to test this theory ... his variables only occasionally moved in the same direction at the same time, but even then, the relationship was weak. His sample revealed that no correlation exists with a confidence level of 95%." http://www.investopedia.com/ask/answers/030415/how-does-price-oil-affect-stock-market.asp http://www.investopedia.com/ask/answers/030415/how-does-pric...