What the H... is going on wtih so many dropping so fast?
I was looking around to see if I could see any reason and the only
things I came up with was A very large pension plan dumped Fidelity
and then someone inferring that the government is fixing prices and
another post stating gas futures had dropped straight down after JPM
got into the natural gas fund business.
Anyone know for sure?
Hysteria. Lack of negative news out of middle east played havock with
energy and precious metals this week. Yeah, your not the only one, stupid
here bought big into energy and metals on Monday.
Energy trusts paying 10-11% yeilds are selling off, biggest loser for the
week was either Canadian Oil Sands or Suncor.
Sometimes rallies get overextended and correct.
<> wrote in message
news:
> What the H... is going on wtih so many dropping so fast?
>
> I was looking around to see if I could see any reason and the only
> things I came up with was A very large pension plan dumped Fidelity
> and then someone inferring that the government is fixing prices and
> another post stating gas futures had dropped straight down after JPM
> got into the natural gas fund business.
>
> Anyone know for sure?
>
<> wrote in message
news:
> What the H... is going on wtih so many dropping so fast?
>
> I was looking around to see if I could see any reason and the only
> things I came up with was A very large pension plan dumped Fidelity
> and then someone inferring that the government is fixing prices and
> another post stating gas futures had dropped straight down after JPM
> got into the natural gas fund business.
>
> Anyone know for sure?
A few ideas.
Saudi Arabia said they were going to double output over the next several
years.
Warmer than normal winter is growing inventories.
A little talk about alternative energy can do a lot:
Natural gas too:
Some feel that Saudi Arabia won't be able to double output but that doesn't
mean much now, investing is an instant gratification exercise that demands
profit now. If it isn't there, investors bail out and move on. Hedge funds
were big sellers of energy related issues if what I've been reading is
accurate.
Can't say how long the downtrend in stock prices will continue but weakness
seems to be the rule of the day. Like other sectors, energy is great when
it's going up but these things can drop like a rock. If you think prices
will continue to fall then get out of the sector. If you want energy
overweighted in your portfolio then use the proceeds to buy back in when
things settle down.