Thursday, May 22, 2008

CNBC Q&A session

CNBC Talking head: Why is that energy stocks selling so badly 2 days in the row?
Commodities King: Cause I made a Lying Fool out of myself
Dumb Mutual fund manager: Bluh-bluh-bluh-luation...
Maria Full of Grace: Traders say - they got bored with making money
Gasparino: Cause my pumping and FED's deceit stopped working and people realized that real inflation is somewhere in the range of 10-12%

CNBC Talking head: Ah-ha! Makes perfect sense

So, why?
DavidDT: Hopefully you can see Fibonacci extension right at the top of XLE chart