Monday, September 8, 2008
The intraday turn around for the energy equities is nothing short of terrifying to me. It would seem that the world economy is pretty sick. Trying to guess the bottom is tough stuff.
So I bought some of the stuff that is terrifying me. You gotta take positions when things are getting destroyed, and this would meet that definition. But I had to hold my nose while I did it.
To say that it has been a tough month on energy equities is an understatement like no other. But "this is the business we have chosen", and here we are.
Having fun yet? Me neither.
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 10:41 AM