Here’s where the smart money believes oil prices could wreak havoc on the stock market

The markets continue to soar despite the Iran war and a host of other worries, but the smart money has quietly settled on a gauge for figuring when things could go south – and all eyes are on the price of oil, On The Money has learned. Specifically, the warning level I’m hearing from CEOs, hedge fund types and high net-worth brokers is close to $120 a barrel. If you believe the sentiment, that’s pretty good news given that even with the conflict in the Persian Gulf heating up, oil is still hovering around $80 a barrel. Does that mean you should start buying stocks? Well, a few words of caution. First, oil prices can change quickly, and the Iran situation is volatile. There’s also a minority view, I have discovered, that holds any conflict disrupting the supply of oil – even if it’s the Ira