might be because of the russell rebalanciiing, most of the day volume was average until the last fifteen minutes just before the close. If true then I guess we have a whole bunch of new owners of kmi via blind indexes.
could form a double bottom off of this, lets see if its a jlo bottom or a MaCarthy bottom.
not just gas pipeline, whole energy sector is being held down.
fear of Saudi (never ending supply) and fear of rising interest rates (for div payers)
Unless a global oil crisis hits, it will probably take a round of earning report, reflecting the latest oil prices stabilizing above 50 before the sector gets any love.
"We just need something above a complete moron in the White House"
that's asking an awful lot
1. corn subsidies are one of the top agricultural subsidies
2. if there are no mandates and its really cheaper to produce ethanol instead of oil for use in gasoline the market will figure it out really fast.
so shut up for a minute and think about the feedback you got.
go away this is an investment forum. NOT a political agenda msg board.
its okay to click cause Baron's has to pay for each click, might as well charge the #$%$ rag that's degenerated into a pumper's tool.
The 50 has been tested, probed and still holding, Bottom is in whats not to like ?