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+--- Thread: Nice rebound? (/showthread.php?tid=8951)
Nice rebound? - Bevo - 08-12-2015
Seems that energy stocks along with MLP's are holding up nicely on this down day in the market. Oil is down around 3% but the XLE is actually up a hair. Would love to see some bottoming before IOC unleashes the Kraken!
RE: Nice rebound? - Stavros - 08-12-2015
Unfortunately, JP Morgan Whores, Gold Man Sucks and Citi Bunkers all have big short positions on OIL and want the price to go to $30 per barrel.
They've said so repeatedly in their recent so-called anal-yses.
JPMW continues to mis-lead investors by saying "Near-term downside risks to prices come from the reduced crude demand in Asia."
THIS IS NOT TRUE - - - Demand for Oil and Refined Products continues to increase; Demand Growth is slower than before but still quite positive.
Let's hope these Inglorious Basterds lose their bets. BUTT they have big buck$ at stake and will probably continue to defend their positions going forward.