You like to think so but it doesn't always work out that way. 12...

You like to think so but it doesn't always work out that way. 12 months is neither here or there and corrections such as this, as massive as they are, are indeed healthy.

The Dow is now off 30% from its high. To put that into context the last Dow crash 1987 was 22%, overnight. What we are seeing is a slowly deflating balloon not unlike the Daq crash.

Lets face it any good news is going to be heavily discounted. Oil shares should be one of the best hedge's going into this US led recession.

Cvi to hold up so well is remarkable. But it is very early days. The upshot is ofcourse the impending bargains.
Question is would you buy Cvi after receiving news that permits for offshore has been signed or would you sell into it?

I know what I'll be doing.

cheers,