Wednesday, December 13, 2006
Sector Spotlight: Oil
Providing the world does not sink into recession, I feel everyone should own some oil. In my portfolio, oil represents 10% of my holdings-- just about the same weighting in the S&P 500.
I like oil for growth and to hedge versus a dollar decline.
Again, my favorite oil stocks are VLO, CEO, SU, PTEN and UPL.
As for the today's trading:
So far, Oil stocks are stealing the show, enabling the sellers to bring down other sectors, like the SOX. However, the bias is to the upside and if I were a betting man (which I am), I'd say the market will close lower today.
NOTE: Please take the new "Fly Survey." Who is the worst blogger on RealMoney.com? Of course, you have to be a subscriber to know who is the worst blogger of them all. Personally, I find Cramer entertaining, yet amazingly useless. Rev Shark depressing, yet fucktardingly obnoxious. And, Cody is just Cody-- smart, yet boring as a chestnut.
Thoughts on NTRI? They are presenting tomorrow. Stock had a really bad December/January just to come back with 52-week highs now. Wondering if we should all wait to get in vs. buying now.
All over BWLD. Good call. Read great things about them during my due diligence. That stock has at least $75 written all over it in 2007.
how's cramer's AAP doing now to finish off the year??? i'm guessing still dismal.
and do you read doug kass in street insight? he's the biggest retard of them all
In 2003 the bears were saying oil was going to $30. In 2004 $40. In 2005 $50. They're going to get it right one of these years.
If Forbes ever turns bullish, that's when you let your oil go.
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