Monday, January 12, 2015

an tSionna {07.12.15-Oil}


I was trying to find something that shows the dramatic decline in oil prices since last summer.  This chart from Richard Zeits over at Seeking Alpha.com will have to do.  It's not exactly what I was looking for and I am not endorsing his conclusions or ideas, but I do think it will give my readers some idea as to the extent of oil's collapse.  One thing he does point out is that oil does on occasion correct and at times rather substantially.  Investors are free to argue amongst themselves what the extent of this decline portends.

*Long energy ETFs in certain client and personal accounts.