LOL. I guess that’s the low-information way to look at it. I guess it would be too hard to say that the same economic factors that depress oil prices also cause investors to sell equities. But, let’s make it look like cause an effect, instead.
It is a spiral.
Low economic growth leads to both lower oil prices and lower stock prices. Lower oil prices causes additional losses to stock prices, particularly in the energy and banking industries. Lower stock prices further depress economic growth, which further depresses demand for oil, which further depresses stock prices, etc., etc.
Oil prices too high! = Bad for the economy
Oil prices too low! = Bad for the economy
Okay, I gots it!..................