http://alephblog.com/2008/12/10/industry-ranks-update/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://alephblog.com/2008/12/10/industry-ranks-update/comment-page-1/#comment-20359 Mark Wed, 10 Dec 2008 20:30:32 +0000 http://alephblog.com/?p=1229#comment-20359 David, I totally agree on financials. I think Heebner is jumping the gun on that call. Neither fundamentals or technicals are convincing at this point. The only other question I have is about energy ... perhaps we're not at the bottom of energy's declines yet, but there's no doubt that oil and natural gas are horribly cheap right now. To put it in perspective, we all remember Goldman's call about oil being at $200/barrel in '09 (can't remember if it was by '09 or in '09). Now, we won't be shocked to see it hit $25. David, I totally agree on financials. I think Heebner is jumping the gun on that call. Neither fundamentals or technicals are convincing at this point. The only other question I have is about energy … perhaps we’re not at the bottom of energy’s declines yet, but there’s no doubt that oil and natural gas are horribly cheap right now. To put it in perspective, we all remember Goldman’s call about oil being at $200/barrel in ’09 (can’t remember if it was by ’09 or in ’09). Now, we won’t be shocked to see it hit $25.

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