Energy, crises, and strategic beta.
This column is a weekend extra: some reader comments that I have not been able to work into my articles.
On March 1, I tepidly praised energy stocks. That column fretted about their uncertainties, with the central thesis being that commodity prices are harder to predict than the direction of the general economy, and thus energy stocks were not a (relatively) obvious buy, as the overall stock market had been in 2009. However, because energy companies had become so downtrodden that almost any news was likely to be an improvement, I was considering a "nibble."
John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.