Back on September 30 of 2016, Carter Worthless aka Carter Worth stated that $DB was going to $0. Well it closed that day at $13.09. It is now at $16.60. It rank to a peak just above $20.50. Another horrific call from a “guy that sounds so smart, but in reality is just soooo dumb”.
I just saw him on #CNBC and he is saying Energy cannot rally. I will take the other side of that trade. XLE closed today at $70.63. Let’s see where it is at the end of the second quarter. Worthless went on to state that there is no relative strength against the S&P 500.
My data is quite the opposite. Money is flowing into XLE and it is starting to outperform the S&P 500. I will show a chart in a couple weeks once XLE is above $75 to illustrate the point.If you enjoy the content at iBankCoin, please follow us on Twitter