I'm with you. I'm tired of all these "watch the birdie" antics while management slips their hands in your pockets.
Sentiment: Strong Sell
The expense ratio (management's cut) of these funds is extremely high at 3%. I wouldn't pay management much more than 1%. Also look out for funds with too much return of capital, means they aren't making money, just giving you your money back.
Don't see any mention of a war in his comment. Perhaps he was referring to production projects that rely on higher oil prices being cancelled.