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Energy Sector Stocks Crash To 4-Year Low (As Credit Predicted)
The S&P Energy sector ETF - XLE - collapsed at the open to its lowest since October 2011... Of course, this should come as no surprise whatsover to those who watch credit...
Fool me thrice?
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BTFD, just do it!
Collapsing world economy. No need for energy.
Or copper.
No need for a lot of things that have been taken for granted. All the optimists have been grabbing all the ZIRP cash they could, because what could go wrong? Let's not forget all those stock buybacks though, the third quarter reports coming out in October should be fascinating reading......
Thank God I am stocked up on popcorn!!
This is going to be some show.
this stuff is cyclical too. happened before and will happen again. many startup frackers who are highly levered and deep underwater will go bust, and the majors, who are flush with cash, will be there to pick up the pieces at firesale prices.
No need for energy, copper, etc... only iphones...
Ouch. that's going to leave a mark.
cash indices levitating north again on shit volume.
They are pushing hard to turn it green...
Yes they are.
Effamol.
/My time. It is coming.
Of course, this should come as no surprise whatsover to those who watch credit...
or anyone that has read my posts. If you haven't before this I continue to welcome everyone to do so going forward.
This link leads to many others.
http://www.zerohedge.com/news/2015-07-26/energy-companies-face-come-jesu...
And to the last very small group I gave detailed information you should have enough to put your children through college now if you listened carefully and acted accordingly.
Fool me thrice? Bush explains why that's not possible https://www.youtube.com/watch?v=eKgPY1adc0A
In which case you've got only your shamelessness left to rely on ;)