CVX (108.95)—which reported 2Q12 earnings today—is basically back to where it was trading before the BS vis-à-vis the politicized oil spill in Brazil began last November (#msg-69034026).
The 2Q12 earnings report today was in-line with CVX’s pre-announcement on July 13 (#msg-77494239).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”