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Oil and gold drop along with stock market

lil dickie said: "Interesting correlation between [url=http://www.marketwatch.com/news/story/us-stocks-move-lower-along/story.aspx?guid=%7B2F74A162-7308-4683-89CD-032EC78C9ABA%7D]oil gold and the stock market[/url] [quote] "Weakness in crude and gold this morning set the stage for the sell-off in equities. This might not sound right to you but remember that gold and oil have been rallying with the equity market for weeks," said Elliot Spar, option/market strategist at Stifel Nicolaus & Co.[/quote] I wonder why oil and gold are rallying along with the stock market?"

newinvestor123 said: "Because right now, what's good for the stock market (rate cuts) is also good for oil and gold."