Sell the Rips, Buy the Dips – Market Update Seth Setrakian
January 14, 2015 – Everyone wants to keep convincing us that low oil prices are good for America and the economy. For 40% of the SMP 500 oil companies or companies that provide services to oil related industries experience uncertainty when prices fall this low, this fast. Earning estimates will be cut across the board and the SMP will be trading at a richer multiple if something does not contract here. The could be an incline this week as there is an option expiration look to sell if anything moves higher.