January 27, 2006

Oil vs. General Electric - I take oil!

There are 35 stocks in the Oil Service Holders ETF (OIH), which may be the most popular ETF with traders right now. The companies are worth about $300 billion combined, which is still less than General Electric (GE).

I mean with Cheney and Bush in the White house and Haliburton in the index - who would you take?

No brainer - even though OIH is up from 80 not too long ago. Wish I would have seen that OIH/GE statistic a year ago with oil at 40 bucks.

If oil is headed higher or stays in the 60's - 150 looks cheap.

Beverly Hillbillies will be the number 1 ITunes download before we reaqch a top!

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