Waiting to Wade Into Oil
I'll admit to being fooled a bit and captured by the "this year is different" scenario. But we can see it all clearly now: This year is no different from the summers of 2010 and 2011 and we are in for our now traditional May/June swoon in oil, which has been a fantastic indicator for the oil stocks. So let's figure out what kind of ride we're in for and where we can confidently get back in.
Without a natural disaster like the Japanese earthquake or a more desperate tone out of Europe, I felt that the markets, including oil, were in for a less volatile summer than 2010 and 2011. But like clockwork, as the calendar struck May, we saw the now "standard" retrenchment of the bulls and reloading from the funds. I shouldn't have been surprised....470 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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