to get out and re-enter at a lower FAZ price.The prevailing sentiment is that stocks are oversold and there are some ridiculously cheap stocks out there. Oil on a beach in Louisiana or Florida has nothing to do with the price of BAC or JPM.I think the risk-reward makes sense to own FAZ at some price--just not here.
FYI, JPM owns 28% of BP stock.
oh really. wow.... i think I'm just going to coninute living my life thank you very much for nothing.