BigBull,
Bravo, Bravo, a great post indeed and one that removes a few bricks from my wall of worry allowing me to peek through and see that perhaps there is really nothing on the other side to hold it up should the wall topple.
Surely there is nothing wrong with your pointing out of the obvious economic statistics which folks in a bull market (energy) tend to ignore. I hope the current bulls on the thread remember how early and correct you were on calling the turnaround to come in energy back when SLB was in the low 40's.
Contrary opinions, which yours is, excepting a few others here, should be respected for what they could be,
correct!
The timing is the thing for me. I believe we could have a few good weeks here if the weather is helpful. IMHO, folks aren't scared yet, the vix is still low, the news is having the Truman(?) effect (a recession is when your neighbor loses their job, a depression when you lose your job) and folks will keep up their wealth effect bull market driving heating energy using (just witness CA) habits until it really finally registers! Whether we have a week or two or a month or two is up to future events that help the dismal facts register in the minds of the public.
In any case, a good call and a courageous one too, IMO!
Best Regards,
Roebear |
