Ritholtz: The Dow Priced in Oil Is At Historical ... Averages(!)

Based on what I found, I’d have to conclude that whatever correction we get in the stock market — which of course must come sooner or later — will likely not be triggered by the price of oil, as the market’s multiple in OILPRICE is about on par with its historical average and well below the peak we saw in 1999-2000  [source]