Crude oil is a very big deal to me, and its surging strength lately has been just one of many dismal things on my mind. In spite of this, I went out on a limb yesterday with this post saying that energy stocks were just begging to be shorted.
Crude oil is a very big deal to me, and its surging strength lately has been just one of many dismal things on my mind. In spite of this, I went out on a limb yesterday with this post saying that energy stocks were just begging to be shorted. Well, since God still has an ounce of mercy left for this beleaguered soul, the crude oil report this morning has sent crude tumbling and, with it, energy stocks. I’m pleased to point out on the chart below with an arrow exactly where the “short energy” post went out yesterday.
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
Comments
Log in or sign up to join the conversation.