If Oil Stays Below $40, Here’s What Happens to Stocks

Oil prices dipped below $40 on Monday for the first time since April and if the commodity stays low, stocks are set to suffer, according to one analyst. 'I expect that if we dip below $40 sustainably, you will hear that drum beat of weaker global demand come back into play, but right now this seems to be supply driven with the reopening of the ports in Libya,' said David Lebovitz, global market strategist at JPMorgan Asset Management, based in New York. 'If we begin to see fears around another global growth scare, it's obviously going to be negative for risk assets.' TheStreet's Scott Gamm reports from Wall Street.