Reverse Cramer, Rich Ross from some meaningless firm, is out with a significant note of caution this evening, particularly those playing in the tar pits of oil. He points to a trend in the market that has failed before, namely running up stocks in brainless fashion up until earnings–only to fail miserably after said earnings disappointed. There is a notable risk inherent in the chasing up of oil stocks.
He did cite the XLE as a prime example of doom portending.
I happen to agree with this Rich ‘Boss’ Ross fellow.
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