Bear Market or Correction?
From its high in early July the benchmark Reuters-CRB Index has declined 19% while crude oil prices have tanked 23%. Other commodities have declined even more. Oil stocks, as measured by the Spiders XLE Index (XLE) are down 22.5% from their highs while the Dow Jones Oil Equipment and Services Index is off 21% from its best level. Commodities, including oil, are in a correction. But don’t be mistaken: We’re definitely not at the cusp of a bear market for oil or commodities. The market is righ
Original post by WhatsTrading.com: Objective Real Time Market Intelligence