Energy's Pullback Could Be Opportunity
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With crude and natural gas prices finally pulling back, many energy stocks have tumbled 10% or more over the last four days. That has spooked energy investors.
The scare is fair. Since oil has been the go-to sector for most of the year, maybe investors became complacent. Fast money, opportunistic investors and stupid money all found their way into the sector in the third quarter -- and it's probably no coincidence that the tumble began right after the quarter ended.
There's nothing like a 15% pullback to cause a gut-check among investors and move the fast money back to the sidelines. However, while there may be a lot of volatility in the coming days, there may also be a lot of opportunity. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
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UP
65.67
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UP
4.06
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DOWN
0.55
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UP
0.58
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10 Yr
3.54%
SPDR Gold
109.32
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+0.63%
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+0.37%
|
-0.03%
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+1.67%
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