RE:crazy dayd_trump wrote: last week the build was caused entirely by a surge in imports - the market ignored this and viewed the report as bearish.
this week the huge drawdown was caused entirely by a similar drop in imports - for some reason this is relevant this week and the report is viewed as bearish.
This is wacked...
@d_trump. I agree. Nothing is making sense. I sold 3/4 of my positions in energy stocks after the EIA report. The market still wants to go down. Sure it can go up in an instant, but I feel there will be time to see the change in the oil market and still get in and catch the huge gains. It is hard to stay on the sidelines with everything "on sale", but I am trying. For me it has saved tens of thousands in losses, but believe me I still have losses. Anyone messing with the energy stocks has losses. I am a firm believer that oil will stabilize one day and you can pick any energy stock and catch 50% minimum gains, if not 100%, 200%, or even 300%. A buy of a lifetime is coming. Just when is the question and how much more pain do we all need to suffer before we get rewarded.