Tuesday, January 26, 2016

96% Short Covering

The fate of the stock market is tied to oil. What could go wrong?

The latest fantasy, that OPEC and non-OPEC oil suppliers will cut back on production and go bankrupt sooner...

January 25th, 2016
It's called tying two rocks together to see if they float:

Exxon is the locus of perpetual short-covering:

One of these is not like the other
Exxon with Crude oil:

Exxon with the rest of the oil and gas industry: