Oil Is Going To $10

At least that’s what the stocks are telling me.

Just take a look at a few names:

[[OIH]]

National-Oilwell Varco, Inc. [[NOV]]

Transocean Inc. [[RIG]]

Chesapeake Energy Corporation [[CHK]]

Petrohawk Energy Corporation [[HK]]

Petroleo Brasileiro SA (ADR) [[PBR]]

W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]]

XTO Energy Inc. [[XTO]]

Valero Energy Corporation [[VLO]]

Halliburton Company [[HAL]]

WTF is going on? HAL at 15? If I had no exposure to the sector I would buy OIH @ 80 right here, right now.

National-Oilwell Varco, Inc. [[NOV]] @ 21.00, they are giving this company away. Freeport-McMoRan Copper & Gold Inc. Freeport-McMoRan Copper & Gold Inc. [[FCX]] @ 32, are you serious?

Either this is the sale of a lifetime or it is the end of the world.

On a bright note, Apple Inc. [[AAPL]] is green and so are a few of the banks, I think I see the light at the end of the tunnel.

[youtube:http://www.youtube.com/watch?v=3ertxy5mCfU 450 300]

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[[UYG]]

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