YES STOCKS CAN GO UP WITH OIL OVER $100 A BARREL

Of course stocks can go up with oil over $100 a barrel.  But they can also drop dramatically when consumers discretionary spending is consumed by the high price of gasoline and sales of other items lag.  Now is a terrible time for high oil prices as far as economic recovery is concerned.  While I don't expect it to cause a double dip, as some have speculated, I do think it will drastically slow down the recovery process.

Bottom line, I've seen a lot of run ups in oil prices over the years and we've survived them all, despite all the doom and gloom from the media.  However, we're in serious trouble if the jobs don't start to pick up soon.  Who's going to buy the high priced gasoline if there are so many still out of work?