Marc,
Didn't your mom ever tell you...never buy a snow shovel in the middle of a snow storm ?....On a serious note,,,the price of oil is cheap for sure and it probably won't come back for a while, however believe it or not the stock market is a very forward thinking animal (i.e. - internet stocks)....Yea, we all saw the 10 year charts on these babies,,straight to a buck,,,well this isn't the same market !!!! I am sure there are many traders and managers in NYC sitting in the sun licking their chops over the fundamental picture of some of these drillers.......Buy the shovel now....put it away for a while,,,It will probably come in handy !!!!
Regards,
Mark |
