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• Crude's big gains threaten stocks

  Posted May 21 2008, 04:49 PM by Charley Blaine
  Rating:
  Filed under: investing, Citigroup, airlines, AMR, Federal Reserve, economy
  Money Blog: Top Stocks Blog - MSN Money

  

  A week ago, I blogged that the stock market rally from mid-March could continue for some time -- if oil prices would cooperate.

  They haven't. Crude oil closed Wednesday at $133.17 a barrel, and stocks tumbled, with the Dow Jones Industrial Average falling 227 points. Things could get worse.

  Here's why the stock market could test the lows of mid-March, amid the worst of the Bear Stearns crisis:   Read More...

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