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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (63161)	6/8/2006 10:52:41 PM
From: Wyätt Gwyön	Respond to of 110194

Cramer touts energy all the time. Creamer doesn't count--he certainly doesn't tout energy "all the time". rather, he touts whatever is moving on a given day. once energy starts to crash he dumps it. whenever somebody calls me saying Creamer says energy's run is over, i know it's time to buy more. the idea that it's contrarian isn't one of them obviously the sector that has kicked the market's ass for several years running is not as unloved as it once was. but PEs are still SEVERE discount and sector only 1/3 weighting at 1980 peak. this is like tech in 1989. It's a crowded bull trade with very low short interest. LOL, how can a trade be crowded when its SPX weighting is so low. as for short interest, XLE P/C at 3.65. by contrast, overvalued crap nasdung ETF (QQQQ) only 1.1 P/C.