[1]Because "fun-durr-mentals." Oil prices are now lower on the day, and significantly off the highs...
[2]
but energy stocks are surging...
[3]
And while energy credit spreads are tighter, the move in energy stocks is exuberant to say the least.
[4]
We are sure stocks are correct... they always are, right?
Charts: bloomberg
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141218_Energy2.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141218_Energy1.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/12/20141218_Energy.jpg
