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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (375)8/11/2005 11:30:10 AM
From: Mannie  Respond to of 50681
 
Slider,

What would you say is the most despised market sector at this time? Trading at historic lows, an area that no one wants. I can't think of anything that is truly out of favor, can you?



To: SliderOnTheBlack who wrote (375)8/11/2005 12:24:28 PM
From: lzc  Read Replies (1) | Respond to of 50681
 
>>The Chart says it all:

finance.yahoo.com

Does it really? Simply changing the date range tells another story entirely. Let's look at the 2-year chart:

finance.yahoo.com

Or 1 year:

finance.yahoo.com

Or 6 months:

finance.yahoo.com

Or 3 months:

finance.yahoo.com

The "permabulls" I read on SI weren't touting energy in 2001; they were in 2003. And since then, it's been a blowout.

At these prices, taking a little money off the energy table might make sense for some people. I have. And, so far, I wish I hadn't.