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Strategies & Market Trends : 50% Gains Investing

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To: JSB who wrote (64066)9/11/2008 4:10:04 PM
From: Keith FeralRead Replies (1) of 118717
 
I think the oil companies are already diverging. Cramer called it last night. Fundamentally, all of the oil companies are more profitable with crude at $100. The margins and volumes for their business will react positively to lower prices. The tough part was the deleveraging process as the hedge funds bailed on commodity stocks to deleverage their energy swaps and other derivative positions. I think the margin process has run it's way through the system.

Nice way to close the market today!
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