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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (40668)	11/20/2012 3:21:15 PM
From: Keith Feral	Respond to of 222402

Yup, and everything in the carbon chain don't look red hot. I love to see the gradual divergence between energy stocks and the dollar. That could go on for years. Backwardation in Brent prices is fairly steady through 2015! Not much value in a lot of those energy stocks with 1.5% yields either. BHI, SLB, etc.. They could all go down 50% over the next 12 months and only generate 3% yields and PE's less than 10. No dividend support til 2014 for many of those names. But, I guess people will keep trading them since they think higher US production of oil will outweigh the downside pressure from falling oil prices. At some point, it will manifest itself like the collapse in the NASDAQ this quarter. It's tough to find a valuation out there that I don't like, but the selling pressure just won't go away. Maybe the HPQ news will clear out the final capitulation for some of the PC names. I wonder how long it will take everyone to remember that Apple is a computer stock too.