I’ll Believe This Oil & Gas Rebound When It Sticks

Sure BAS is up 20% in one day of trading. And I’m a French Maid.

I’ve seen this enough times not to get my hopes up. As solidly convinced I am that long term everything is going to work out, I am not committing my emotions to any relief rally. This market is out to destroy me and letting me hope for salvation is just one especially heartless part of that process.

Today was fun…if I hold it completely out of context.

We are still in a major selloff and I am not calling any bottoms here.