Contrary Thinking is not about being contrary just for the sake of being contrary.

Sometimes you have to run with the herd and follow the trend. Looks like Fidelity is sounding a tad bearish. One of their leading managers posting in the public domain, “The fact that low beta (utilities) and late-cycle (energy) sectors are leading (showing superior relative performance ) tells me that this is not (yet) a new bull market.”

The parenthetical is my needed explanation, as bulls always think that going down less than the average means “leading.”

Is $60 a barrel from here before the end of the year possible?