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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (124339)	5/21/2008 9:20:34 AM
From: Rarebird	Read Replies (1) \| Respond to of 306849

The energy sector is providing 60% of the earnings in the S&P 500. This reminds me of 2000 when the tech sector provided most of the earnings of the index. If oil prices do top and crash (yes, a crash is the most likely course once prices do top out), what happens to the energy sector? That would destroy most of the earnings of the S&P 500 Index.

To: John Vosilla who wrote (124339)	5/21/2008 10:06:29 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

XOM is a big one, for sure. The fact that they haven't cleared their base is telling with crude over 130..... Personally I like services and E&P's without downstream (refining) exposure. MDR is a good example, if they can clear their pivot it will be a nice cup and handle breakout: