Despite Rebound, Oil and Stocks Are Still Tied Together

Despite a rebound in oil prices, the closely watched commodity is still correlated to stock prices, according to one markets strategist. 'On days when [oil] moves or on days when there are disappointments, those are likely to be followed by disappointing days in stocks,' said Paul Christopher, global head market strategist at Wells Fargo Investment Institute, adding that it's unclear when stocks will detach from oil. Christopher also weighed in on Yahoo! (YHOO) and Intel (INTC) - Get Report earnings. TheStreet's Scott Gamm reports from Wall Street.