Relief rally came Monday/Tuesday. This was always on the cards, though I thought we'd see a rebound off the lows late Friday. Splitting hairs really; main thing is it came. The big thing now is big able to hold 12,000+ DJIA IMO.
Wrt SEA, we are undervalued IMO. Oil is still higher than GFC time projections for current time, and even a drop of another $10 shouldn't affect the sp IMO if the market is rational. Current price is a keen risk/reward entry point, and no doubt many are on the sidelines and watching the situation in Europe. Things is though, population is rising and demand for energy is increasing. Oil price is cyclical and can cycle up very quickly per post-GFC period. No reason it can't swing to new highs sooner than forecasters expect, though current trading range being held for a few years isn't out of the question IMO. A very hard time to pick the markets and the best modelling in the world is guesswork at the moment as far as I can tell.
SEA Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
