Changing Markets

I think energy sector may be running out of steam, as it has come a long way in a short amount of time…oil may be peaking here, but it won’t be a drop — more of a sideways consolidation, I think. Just my opinion. Also, I’ve noticed a bearish sentiment emerging in the housing sector. The builders are all down today hard, as is Zillow. There’s talk the wood and other commodity prices are causing the builders problems. And housing prices have already gone through the roof — pun intended. It could well be that houses are now priced too high for the available buyers.

A Little Bit Crazy

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