I’m still keeping it fairly light, due to this psychotic market. I have twenty bearish positions and 16.2% cash. Five of those twenty positions are energy companies and here they are:

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I’m still keeping it fairly light, due to this psychotic market. I have twenty bearish positions and 16.2% cash. Five of those twenty positions are energy companies and here they are:

The five most gargantuan dams in the world:
(more…)Well, I guess Zerohedge’s prediction of $300/bbl oil isn’t panning out. My own speculation, however, has done so. As earth’s only energy bear, I have stood alone in ignoring all the sensible reasons that oil is going to surge higher for years to come, and instead relied on my simple-minded charts. I like how this is going.

Here are the 2014 and 2018 gaps. In one case CL runs away to the downside and the S&P 500 doesn’t peak until later, in the other XLE catches up amid a broad equities correction
2018 is a closer analog to the current backdrop in equities assuming the rally is done.
