Transocean Ltd. (RIG)

[ogbull]

Gold down 1.5% -- no one is worried about any type of crisis. If there was any worry, Gold would be up at least 1.5% or more. Greece means nothing to the price of gold, crude, or RIG. If China crashes, the rest of the world will enter boom times. Any Iran deal signed will never get through Congress. The pullback in RIG has removed a lot of weak shares and will benefit share price going forward. The drop in crude was overdue and had to happen. The evidence is found in the fact that RIG is up almost 4% on the day while WTI is down almost 2%. This little market shakeup has turned out to be a perfect storm of bullshit.

Rocking, Rolling, and Rigging on down the road.