It’s Time To Get Greedy In The Energy Sector, Part Deux
Jesse Felder | Oct 01, 2020 12:45AM ET
The contrarian case for buying energy stocks just keeps getting stronger and stronger. Exxon (NYSE:XOM), after 2003 ).
It’s gotten to the point, that even Justin Bieber is using the oil industry in his latest music video as a metaphor for pain and suffering. To be very clear, these are precisely the sorts of things you eventually look back on and realize were screaming buy signals at the time.
Like the Wall Street Journal calling gold a “pet rock” in 2015.
Or like Jay-Z publicly dumping dollars for euros in late-2007. You just don’t get these sorts of extremes in sentiment very often.
And when you do, you better take advantage of them because if you don’t you’ll be kicking yourself later on for missing something so obvious.
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