RE:Why so much panic hereRelaxrelax wrote: Oils high...debt getting reduced....stock will appreciate. Pretty simple, no need to worry about what clowns are doing daily. If you're long, believe me, we're good.
volumes in the oil patch are up pretty much everywhere. Without looking at a chart, I'd guess that most buys over the past 4 to 6 weeks are flat to down. I'm down on another chunk of money I pushed into the sector a month back, but I'm long, was adding to my positions and am well up overall. But what if I was a Johnny Come Lately? Where's my headspace? I'm probably nervous. Q1 is going to be great, but most don't understand settlement versus calendar dates and I'm wondering if the expectations are too high from the Come Lately crowd.