AMEX:XOP SPDR S&P OIL & GAS EXPLORATION & PRODUCTION ETF
$50 oil? Hey lets crank up a few more of them idle rigs. next releases still a few weeks away, no help there. supply will continue to trump demand. are overvalued, that is the understatement of the day. 2008 was overvalued mortgages, over rated. today it is , yes, the only game in town for yield. aka all your eggs in one basket. like sheep flocking to their demise. a fool and his money (and the money of all those he is managing) are soon parted. last one there gets the check. that clicking sounds you here will be the circuit breakers tripping next week. if you didn't go to cash friday, or short this market, well we will see what we will see, just IMO . careful out there folks. These are rough seas, hard to see what is ahead. bond flows increased in force, money flowed out of index funds, vix above 15 now, with legs, this is a real change. bolllnger bands being constricted chart for the 4th time i posted was/is correct, and lets see how it matches up against the previous events. buy on this dip, is what I hear from perma bulls, but i also hear a lot of wishing and hoping without conviction. not for me thank u. us election getting tighter, north korea upsetting folks. next week, more hawkish talk, to set up the fomc meeting raise or not rise and bring valuations down a bit? mmmmmm, what are they up to? all spells .