Crude Oil Price Bottom likely to Propel Dow Industrials Higher

The minute you settle for less than you deserve, you get even less than you settled for. Maureen Dowd

The chart below clearly illustrates that a relationship exists between crude oil and the Dow.  For most of the 1st half of 2015, oil traded sideways, and the Dow followed suit.  Then, around July of 2015, oil broke down, and the Dow followed in its footsteps.  We see a similar pattern from Nov-Dec 2015; oil headed lower, and the Dow once again followed in its footsteps; so much for the argument that states lower oil prices are conducive for the markets.