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Relative To Crude Oil, Energy Stocks Most Undervalued Since 2008

By Sumit Roy , http://www.hardassetsinvestor.com
dvoros@hardassetsinvestor.com
March 30th, 2012

Though momentum may keep energy stocks falling a bit further, the sector looks poised to eventually snap back hard.

After weeks of steady gains, stock markets finally saw some notable selling pressure over the past few sessions. The S&P 500 dropped from four-year highs near 1419 to 1391. Is this the start of the seasonal spring correction or just a speed bump before the rally resumes?

By all accounts, the macroeconomic backdrop still remains favorable. Data have been relatively strong and, as JPMorgan Chase CEO Jamie Dimon remarked on Wednesday, the threat of a double-dip recession is behind us.

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By Sumit Roy , http://www.hardassetsinvestor.com
dvoros@hardassetsinvestor.com
March 30th, 2012