As the axiom goes, when others are fearful, it is time to get greedy, and right now, investors are getting downright panicky.
The Department of Energy's latest data show a considerable build-up in crude oil supplies, a surprise to energy traders and a drag on energy and oil prices.
On Wednesday, West Texas Intermediate, the U.S. benchmark, sank $1.33, to $45.34 a barrel. Brent crude, the international standard, fell $1.41, to $48.30.
On Thursday, both the WTI and Brent crude were hovering below $50, a level that is considered break even for energy companies.
Also weighing on energy markets are Republican presidential candidate Donald Trump's slightly improving odds of winning the election, a prospect that terrifies the investment community. Accordingly, stocks declined for a seventh consecutive day on Wednesday, the market's longest decline in five years.
The CBOE Volatility Index, known as the "fear gauge," soared almost 9% on Tuesday to its highest level since June and spiked another 4% on Wednesday.
Here is the takeaway: Oil prices and the stock market will remain volatile for at least the rest of the year, probably longer. Investors can make money from this extended period of uncertainty, by shorting the SPDR S&P Oil & Gas Equipment and Services Exchange-Traded Fund (XES) , the benchmark for the oilfield services sector.
This ETF's major holdings are the leaders of the oilfield services sector such as Atwood Oceanics, Baker Hughes, Diamond Offshore Drilling, Halliburton, Helmerich & Payne, Patterson-UTI Energy, Schlumberger, Superior Energy Service, Transocean and US Silica Holdings.