Nice rebound?

[Bevo]

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!

[Stavros]

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.