Dame Daxx

Why I'm Not Buying Oil's Recent 'Correction'

From the oil analysts I read, there seem to be two arguments: 1) Oil will not fall much below $120, or 2) Oil will fall to $85. So I would short it at about the $115 level. Abby Cohen said last week they consider the fair value for oil to be $130-$135.

I got demolished on my energy stocks in the past 2 weeks (especially CHK), so most of them are closed. However, I do believe that it will be Energy & Materials that leads the next bull market. The alternatives just seem to have too much going against them.