"If I have seen farther than others, it is because I was standing on a really big heap of midgets."
Thursday, February 21, 2008
Did Dow Jones & Co. Call the Intermediate Top in the Oil Biz.?
Immediate and short term, probably yes; long term, nah. The news (CNBC video) that T. Boone Pickens was looking for a downtick in oil & natural gas got me thinking about the addition of Chevron to the DJIA on Feb. 19. First a look at the XOI components. I'll be back in a bit.