The algos are just tied to oil it's that simple. Macro news matters but the machines are running the show and it is all tied to oil. The airline and energy stocks are all over the place and trading off the oil move it's that simple.
It's getting cheaper today but the P/E is very cheap. Congrats to Eric Jackson for his wisdom. Those who bought above $50 are loving him I'm sure. I would guess CNBC will have him back on very soon.
was still talking up oil today saying it would be back near $80 later on this year this is from a guy who came on Mad Money when oil was in the $70's recently and said it would bottom very soon along with removing his hedges. I think the divorce is without question clouding his thinking for now. I do believe oil will be higher later this year but not in the $80's more like the $60's by the Fall. The ball is still in the Saudis court.
Look at the chart today#$%$ on CLR took out all the gains made since last Thursday in one day. That's how quick it happens especially when the machines are in control.
It was odd that shares were not available until this morning for me. I would bet my broker and others were shorting during this recent run and now they will benefit at the expense of their clients as shares probably slip back under $40. I had a feeling yesterday this crazy run was nearing an end for now. Oil is still not done going down I believe.
" We are victims of our own success" for hurting prices by lifting global supply.... Boo Hoo Waah Waah Waah. I didn't hear him moaning when oil was over $100. I wonder if his wife thinks he's a victim?
CNBC keeps bringing this guy on over and over....last night, today and the recent past when it was trading over $50. He is just another A$$clown jinx pumper.
Out of nowhere he's killing it compared to his darling SWKS. Much of what he said we found out after earnings my guess his hedge fund brothers will now short or are already short SNDK. He is a pro at this stuff.
A different form of energy business but if you miss and/or warn right now man you get killed. On a different note check out QCOM too. Oil is not done going down and I would guess that almost every energy related company will not report robust earnings. I am guessing CLR will test at least the upper $30's again even before they report.
He will never speak of this stock any time soon. This was one of his darlings and he will have amnesia on this one.
Check around many stocks closed on or near their lows today. Markets down about 3% in two days it should end soon after another 1-2% down. January needs to end.
Lasted all of a few minutes. This is not a healthy market right now if this Fed note would have came out last year the market would have rallied.