Please try another search
The contrarian case for buying energy stocks just keeps getting stronger and stronger. Exxon (NYSE:XOM), after getting booted from the Dow Jones Industrial Average, just experienced its worst 30-day stretch of stock price performance in at least 40 years, according to SentimenTrader.
And it’s not just this sector flagship; energy stocks now represent the most hated stock market sector of all time according to the firm. To top it all off, The Economist recently proclaimed the death of oil (once again: see 1999 and 2003).
It’s gotten to the point, that even Justin Bieber is using the oil industry in his latest music video as a metaphor for pain and suffering. To be very clear, these are precisely the sorts of things you eventually look back on and realize were screaming buy signals at the time.
Like the Wall Street Journal calling gold a “pet rock” in 2015.
Or like Gisele Bundchen and Jay-Z publicly dumping dollars for euros in late-2007. You just don’t get these sorts of extremes in sentiment very often.
And when you do, you better take advantage of them because if you don’t you’ll be kicking yourself later on for missing something so obvious.
In this week’s newsletter, we’re going to run through several interesting market charts on our radar... Let’s dive right in.GMI Chart 1: Fed Net Liquidity vs....
Last week, Deutsche Bank's stock plunged, and CDS rose, causing concern among investors and depositors. The long-standing structural problems at Deutsche Bank, dating back to the...
The financial sector is the focal point of the global economy. So it’s no wonder that investors pay close attention to its performance within the stock market. And this is...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.