[jyl]

Okay, so one view would be that if oil falls to $35 in the near-ish future, then all the bearish structural factors we talk about will be irrelevant, for a period.

Who cares if houses are overpriced or the budget is in deficit? Consumers will have incremental spending money and boosted confidence, corporates will see rising gross margins, the Fed will have less concern over inflation, etc etc.

Stocks will rock, and you should dump your staples and me my NDX shorts and maybe even Jurgen his HGX shorts. Don't know how long that lasts, but long enough to pay attention.

Thoughts? Agree/not? I'm not sure if I agree, partly because I'm still not convinced oil goes to $35 . . . but interested in views.