Jim,
The OIL SERVICE sector has shown its bottom, and is holding so far. But right now we are at the base, and if/depending how much lower CRUDE drops, the OSX could drop below its current strong base around 100.
It depends on CRUDE. I was just thinking, which is normally dangerous, and that is right now the market has steam in it due good economy, low interest rates, low inflation, etc,etc,etc.
What if CRUDE was to pop back up in price dramatically to around $18/barrel in a short period of time. Would the market interpret that as inflationary, or at least get the market a bit nervous. Would that do anything to the interest rates??
Seeya |
