The "Experts" Are Not Doing their homework

Let's consider one: "Rising oil prices are bearish for stocks." That's the perception in the media and among many investors. Is it true?

". . . for the past 15 years there has been no consistent relationship between the trends of oil prices and stock prices. Sometimes it is positive, sometimes it is negative. In fact, during this period it has been positive for more time than it has been negative!"

So much for the claim (perception) that oil prices influence stock prices. The wonderful attribute of charts like this one is that they tell the truth. It takes the spoon out of the water to see if it is really bent. It's incredible to realize that legions of financial "experts" don't even study the data! They simply repeat and apparently believe what they've too often heard.