RE:Energy stocks are lower - but not cheap
i do not think there is a lot of bottom fishing going on at this point. More a case of those that have not sold sitting on the sidelines to wait it out. Its the same old story with all these guys screaming that the sky is falling. Well in the stock market, a falling sky tends to be self corecting. Sure e the weaker players will be in trouble and many will not survive but the stronger players will survive and actually come out stronger. Articles like this tell you the bottom may be near. We bounce along it for a while but we are near. JMO