No Moss

As Oil Bottoms Out, It's Time to Go Long - RBC

The price of oil probably operates on its own fundamentals and market conditions. Finding a correlation with the NASDAQ could be purely or mostly coincidental. The NASDAQ reached its peak in 2001, and oil reached its peak in 2008. The fall of the NASDAQ by 70% took place over 7 years, the fall of oil by 70% took place over a few months.

I would agree that oil prices are too low to last, but I have no idea how long they will last at this level. Futures indicate prices will rise, but it is apparent that OPEC actions have far greater influence on prices when demand is strong than when demand is weak.