Crude oil is a very big deal to me, and its surging strength lately has been just one of many dismal things on my mind. In spite of this, I went out on a limb yesterday with this post saying that energy stocks were just begging to be shorted. Well, since God still has an ounce of mercy left for this beleaguered soul, the crude oil report this morning has sent crude tumbling and, with it, energy stocks. I’m pleased to point out on the chart below with an arrow exactly where the “short energy” post went out yesterday.
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