Thursday, June 3, 2010

Mad Money Recap | Nightly Recap for:  Wednesday, June 2, 2010

(c) 2010 F. Bruce Abel

Mad Money Recap Nightly Recap for: Wednesday, June 2, 2010: "Fourth, the oil spill had got to be stopped or contained… as long as the ecological disaster lasts, the 12% of the S&P that is the oil industry will keep getting hammered… the market can’t and won’t distinguish between the players… and the sector ETF’s are so powerful that they keep taking down everything… we had a nice bounce today like we said we could have in the Schlumberger’s of the world… but you know that it is a bounce… we did get one bit of good news in energy today, though, and I am going to break up the check list to mention this."