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Was oil woodhead sharply lower and stocks would fall along with it, yet that is not what has happened. Have p and the dow each. 5 not a runaway rally but if you look at the s p 500, you will see what im talking about here. A gradual increase throughout the morning and what is interesting is as we have seen ad itslly, the dow highest and nine months, we have seen people dumping their short nuts on the s p 500. But you have here is the measure of short positions on the s p 500. Weve seen a decrease in those positions at the fastest pace in four years, sort of a far and of this chart. Beenosition has substantial as people have been squeezed out as stocks go higher. Mentioned stocks year with oil wiping out some of its losses. Julie you can see it was lower but climbing back substantially, down almost 2 . Flirt with the positive before closing down by a little bit and we continue to watch the correlation between oil and stocks. Looks at the two and we have the 120 day directional correlati ....
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