Let's just kill all the optimism so we can get to a bottom. Is it the death of equities time yet? Have all the bulls been castrated?
I hope everyone is holding up alright. We're taking a little bit of a butt whooping but precious metals and protective puts are keeping us around to battle another day.
This is ugly history we're a part of. We are in a new Depression. Scholars will be analyzing this economic quagmire forever...and unfortunately it's still not over. Stay safe my friends.
"Adjusted for Inflation, Dow's Gains Are Puny" WSJ
21 minutes ago
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2 comments:
How does ERX work. I purchased ERX at 38 when oil was around $ 40. Now Oil is again around $ 40 and ERX trading at $ 18. Am I missing something ?
D-man - ERX doesn't just follow the price of oil it follows the market, the Russell 1000 Energy Index to be exact. We know how the market's been doing lately...
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