<<The DOE reported an even more bearish build...>
And yet my patch screen is nearly aLL GREEN, especially the perennial laggards like KEG, VPI, P, EEX, OXY, UCL and RIG.
For the past 2 weeks, I have felt like the proverbial 'deer in headlights', expecting any moment for my portfolio to collapse. First the record builds in NG and now big builds in crude and gasoline. In fact, throughout this period, I have been up almost every day.
I happened to visit the SD thread last night (first time in a while) and found SOB bragging how he did not have "one quarter" in the patch and - based on the latest API builds -predicting that patch stocks were about to collapse sure as gravity.
What's happening? Why now, in violation of all principles and guidelines learned over the past 15 years, is the patch climbing a wall of worry?
Posible answer: A "sea change" is occurring in the minds of investors. Then again, the collapse may only be delayed for a few days. As they say about differences of opinion, that's what makes a stock market.
Bruce |
