Oil-Teppered
Some of you know that I’m quite bearish energy stocks. I was intrigued, naturally, when I saw this from dorky-lookin’ multi-billionaire David Tepper:
Isn’t that sweet of him? He took valuable time away from his busy schedule to tell pimply-faced Robin Hooders to go out and buy energy stocks. What a mensch! Except………
Now I realize one day does not a trend make. But I believe firmly that energy stocks will be vastly lower six months from now. Honest! I’m a mensch too! My XLE puts are up over 100%, and I’m holding.
Oh, and just to round out what is purportedly a habit of mine, I’ll also declare that he’s a fat sow. But I’m sure he’s a very nice man (averts eyes).