I can’t remember the last time oil was down. Well, that’s an exaggeration, but the relentless ascent that has taken oil to $129 this morning has been astounding. You can see why no one wants to short oil.The energy stocks are again higher, while the rest of the market is sharply lower. Financials are weak after AIG said it plans to raise a total of $20 billion, and the brokers saw more earnings estimates cuts this morning.The semis are also weak, following the cautious comments yesterday from SNDK’s management. Retailers are also lo[...]
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[Source: The Money Blogs]
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