I recently did a post which stated, “The bull market in energy that started January 20th is over. I can’t be more plain about it.” I was surprised at the reaction. There was a lot of jeering and mocking, and a new troll appeared to slam me (which got upvotes from some Slopers I thought were a bit more loyal than that).
And yet with a HUGE explosion higher today across the board, thanks to a killer jobs report, here’s what crude is doing:
Imagine what it would be doing in a weak market.
Anyway, it’s nice to know who my true friends are on my own blog. Sheesh. I’m going to keep focusing on energy shorts.
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