$50 for oil may be a buy.
Yesterday was overdone.
This seems like the sentiment. Big sales yesterday and today at the open.
It is still pricey at 22 times earnings, but this is a 52-week low.
The writers has no idea what they are talking about. Look what oil did today. Spiked big in just the last hour as most of the articles keep saying that oil is going lower.
Should be positive for oil. Let's see.
They are not going to make a deal with Iran, and Greece has been in trouble for years. Everyone knows that they are doomed. Ignore the noise, buy oil on this fantastic pullback.
Sentiment: Strong Buy