Let's talk about oil. We will be talking about Iran in a little bit. We didn't talk about Iran yet.

But what price of oil becomes dangerous for stocks?

I know a lot of people are talking about $80. That isn't the number. The number is $93.50.

If we get to that level, it will start to have some negative effects in the economy.

I know people have been asking about an oil trade and how do I play with oil futures. It's too late. But set an alert, if we get to

$9.3.50, it will give you a reason to be concerned about how stocks are going to perform, how the economy is going to go.

The higher the oil prices, usually the worst the economy does.

So 80 is not, it's like a snooze alarm.

It's the first alarm to put on, but it's not the real level.

$93.50 is a real level that you need to worry about.

If we get there, you will have some pushback and contraction in the market long term.

That's crazy. You had 90. I was going higher. I was going higher. I had it between 110 and 120.

Based on historical, like the historical data, if you look at any recession that's tied to oil,

73 oil embargo, 79 Iranian Revolution. In 2008, oh, it was at $147.

In 2022, we were at 130, although it was short-lived. Remember that one month we had crude, that was, that was crazy.

It was negative.

Yeah, yeah, yeah, yeah.

So like 110 to 120, that, that's cautionary.

That's red flag.

That means gas prices will be surging, right?

Consumer spending will fall.

Inflation will be the conversation in that time.

...