the comment was sector specific, yep I agree the broad market is hitting new highs, but I think we can all agree the energy sector is being hammered, even big boys like Continental Resources are paying the piper. We don't have an energy friendly leader...so I think OPEC/ Saudi's will pretty much have their way for a while, but it will still will be a boom / bust cycle. Isn't the first cycle and certainly won't be the last....let's just hope it doesn't last.......too long. JMHO GLTA
there will be turmoil in the sector. Note the Opec oil Minister predicts $200 oil sooner rather than later. Once the carnage plays out in enough regions of the world..we'll see a swing from over supply to under supply. In times like these..you shelve good stocks...and find other ways to spend your time. AXAS is well suited to weather through the cycle...so it's just on the shelf. JMHO GLTA
Gotta give it to OPEC....masters at flogging our politicians when and where they want. Don't have an accurate score tally...but it's been a rout and most likely will remain so in future years.