Interesting action last two days. Obviously, oil bubble is popping with swooshing sound. Funds are selling all commodities now, oil and natgas included. Should've happened earlier, but probably was postponed by end of quarter window dressing.
The big question now: where is money going? Watching Cramer right now, he thinks healthcare. I'm not that sure. If last two days action is any indicator, money is going to Internet (Google, Ebay, Yahoo), best tech (Apple, Research in Motion) and recession-proof companies (Phillip Morris International, Procter & Gamble). Strange a little bit. May be a sign of recession preparation, tech and Internet being less sensitive than economy in whole. Or maybe just fund herd mentality. We'll see.
Article on alternative energy is coming in couple of days.
Full disclosure: at the time of publication author had long positions in GOOG, EBAY, PM, AAPL and no positions in other stocks mentioned. Positions can change any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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