While many around the world are plotting Oil correlations with stocks, the real fear may already have begun: Banks are already getting hit and that rarely works out well.
from DailyFX - Forex Market News http://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2016/02/19/oil-spx500-banks-contagion.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:daily_fundamentals
Oil, Stocks and Banks: The Transmission of Contagion
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