Remember when oil going lower meant MOAR money to be spent at Banana Republic and Chipotle? Well, where the fuck did all the gas savings go? Did Kylo Ren seize all of the excess reserves to build a brand new fucking death star?
Well…where the fuck did the money go?
Brent is at an 11 yr low. Futures are up 100. European markets are surging ahead and we’re oversold like a motherfucker. However, it’s worth noting, Exodus did not flag oversold last week.
Nevertheless, we’re heading towards the end of 2015, which has been extraordinarily bad year, and volume is going to dry up and investors are desperate for a rally. All of the ingredients for an end of year respite are present. Moreover, it’s entirely possible that we get a truly face ripping event in early January, led by the very lowest stocks in the galaxy: CHK, SN, OAS, FCX and other commodity names.
After all, has a sector ever been so hated?
Bear in mind, the hatred of an industry isn’t reason enough to invest in it. If they trade up, don’t disillusion yourself. It will only be a trade.
Good luck.
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Relax! What’s a little PE compression among friends.
kylo ren was kind of a bitch.