I started a segment on what I call "fade fastmoney". It's when they bring on a "specialist" to talk about a sector, a stock, whatever..But, make sure the expert goes on the show AFTER the big move up or down took place...There was someone on the show about a month ago, who spoke of how expensive GS was at $164. GS is now $197.
Joe Terranova, the expert, was speaking about TSO and VLO stocks back in March, and said that you can buy these without fail until Memorial Day in May. We all know whats happened to these tocks since... both are near their 52week lows...
So, what does he talk about today? OIL, what else? Its at all time highs... He couldn't be more bullish about oil right now..see's no sign of a slow down in OIL demand any time soon.. This is where I come in, and fade Fast Money..
tb
PS - This chart below looks really good...
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