How quickly we forget...
Barron's reminding of the WTI drop from nose bleeding $146 to $32 in 2008 during the financial collapse. They also point out that commodity funds' NYMEX long positions are so deep, way deeper than 08, that we could see $20 WTI... $1 unleaded?
For energy stocks, this may be the 2009 equivalent of buying banking stocks for pocket money. Or at least get some
OIH bait on your hook, its been pulling on that line looking for a bottom. Down nearly 7% just in the last five days.
Seriously... what we're not going to have oil services anymore? LOL. I'd love to know what Warren has in his cross hairs right now. He'll have energy right where he wants them much like he did with Goldman. Wait until they're desperate and then swoop in.
Threaded Mode
