From ZeroHedge:
Just yesterday evening, the exuberance was palpable (in stocks)... today, with WTI collapsing (under $85) to 18-month lows, Energy stocks are being monkey-hammered across the board (S&P Energy sector -4% from yesterday highs)...
As oil prices collapse...
and the curve flattens drastically...
So Energy stocks are in freefall...
But but but the Shale Revolution!!??...MORE
Previously:
Options: "Transocean LTD Trader Bets Big On Steeper Losses" (RIG)
Chartology: "Energy- Worst performer over 90 days is on channel support" (XLE; ERY; XOP)
The ERY is up 22% so far in October. It is the triple levered inverse of the XLE.
