Oil up stocks down

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mkarpoff
Posts: 810
Joined: Fri May 30, 2014 4:27 pm

Oil up stocks down

Post by mkarpoff »

Just nuts how oil is up nicely, but DS picks down. I know how Dan explains this, but it sure is aggravating.
dan_s
Posts: 34648
Joined: Fri Apr 23, 2010 8:22 am

Re: Oil up stocks down

Post by dan_s »

11 of the Sweet 16 up today and most of the companies in the Small-Cap Growth Portfolio were up. What are you looking at?

You really have to ignore most one day moves. All it means is that there are more sellers than buyers when a stock goes down. Sometimes there really is no justification at all for what a stock does on a given day. FEAR and GREED drive the market and there is a lot of both out there.
Dan Steffens
Energy Prospectus Group
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