Energy And Commodity Stocks Getting Hammered - Again

July 8, 2008 11:08 AM

What have I warned repeatedly for the past month? Energy and Commodity stocks were TRADES and NOT investments. All the Talking Heads kept saying buy oil, buy energy, buy commodities. I said NO, NO, NO. The risk on these was and is extreme. In addition, you cannot be long these in the face of a recession as they may implode. Now you are hearing all the Talking heads warning on energy and commodities. Uhh ok, after they just dropped 25%. Thanks for the Monday Morning Quarterbacking - again.