FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*XOI alert - Another new all-time high in the Amex Oil Index today:

folks may want to start taking pieces off the table... suddenly it dawned on me... if the market goes into a decline some time soon... why would (middle-class) folks want to overweight investments tied to higher oil prices? Consumers are 2/3 GDP, this makes no sense... now is not a time to fall in love with oil stocks, I rate the XOI a sell above 800, if it starts going nuts, I won't hesitate to call it a strong sell and even make some shorts calls on it!!!...

Add in that the "street" has been excessively pumping the oil sector lately, I smell something bad, and that is a bunch of "sheep" buying in at highs...

XOI 6-month...



XOI all-data...