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Let's stipulate that we're all focused on oil right now.
Naturally, we'll beat this horse to death, with the only saving grace being that if it wasn't oil, we'd certainly be worried about something else. I mean if not oil we could fret about
, the "housing bubble" and any number of other issues.
Still, I'm wondering if the fact that the energy topic is now making its way onto the cover of national magazines hasn't actually marked the top both for the commodity and the surrounding industry.
As Jon Markman
A decline in energy stocks often presages a decline in the price of petroleum, as early-bird portfolio managers take their profits well ahead of news that the commodity itself has peaked.
True enough, but do the charts match Jon's theory?
See for yourself in today's "very special" Chartman, featuring charts for
(XOM - Get Report)
(COP - Get Report)
(SUN - Get Report)
(MUR - Get Report)
Kinder Morgan Energy Partners
Charts produced by TC2000, which is a registered trademark of
Worden Brothers Inc.
And that is the final word from Burbank, Calif., where Robert Blake's innocence sure doesn't pass the sniff test.