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The Morning After

by Dr. Kent Moors | published August 5th, 2011

The herd mentality took over in the last hour of trading yesterday, prompting the worst one-day loss in three years.

With about one hour left in the trading session, it was clear there was neither rhyme nor reason in the collapse. The market had exhibited some weakness, but not enough to justify this carnage.

This was emotional – and it wiped out months of assets value in the process.

But not to worry. Wide areas of the energy sector are now at levels so far below fair value that there are ample opportunities to recover.

We just need to determine where the floor will develop.

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