Yet here I am gawking at oil related stocks trade down. Truth be told, only one of my 5 oil stocks is lower, which SLCA. However, BALT should not have a 2 handle. It deserves better than this. Aside from my own positions, there is a slew of names down over 30% over the past week. Here are some names.
I can go on. This is as bad as you will ever see it. The pin action in the oils, over the past week, rivals the worst days of 2000 and 2008. Naturally, the world was ending back then and other stocks fell too. But to endure 30% drawdowns in dozens of quality energy names is, frankly, unbelievable.
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