A rally in energy-company shares propelled U.S. stock indexes today. It's all over. Once everyone surrenders (that has happened last month) and all hope is lost, the downturn is over.
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Tell me something I don't know, Sherlock!
Stock price not the same as oil price
According to insider trading info, Joe Geagea is selling his Chevron stock at $95.
http://www.nasdaq.com/symbol/cvx/insider-trades
it's just short sellers covering up their bets
It's a short term rally, nothing more. The fundamentals are not there, so don't hang any expectations of the downturn being over. It's not, by a long shot.
Thanks Obama!
LOL