We’ve again reached another extreme moment of bearishness. Do you think the energy economy will disappear by next quarter?
There are only 2 good things that will come out of the Gulf spill. The first are current prices of oil service stocks. The second is that maybe someone is trying to figure out a way to get off the dirty teat of oil. Good luck with that.
Markets are attempting to hammer out the lower portion of our trading range. Everyone and their mothers are waiting for SPX 950. Not gonna happen at this time so don’t hold your breadth (lol).
Yesterday was a seminal day. Expect to do lot’s of work around 10k. But things got a little lopsided…
BTW–OII couild be up 10% today after dropping 27% in 3 days…
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Oil is worthless and all deep sea drillers are going to zero – what are you talking about?
Agreud concerning 950 ….
Waiting to buy PDE & ATW @ $0 …. but this is a good starting point.