Indexes finished slightly up on Thursday but well off the session highs. There were some comments out of Davos, Switzerland, that the European Central Bank will offer more stimulus at its next meeting in March.
If you own anything related to energy, Khalid al-Falih, chairman of Saudi Aramco, had an interesting comment, saying oil has “overshot” to the downside, and it is inevitable that the price will start turning higher. As expected, oil prices and energy stocks related to oil had a nice rebound. Khalid’s comments come at the same time T. Boone Pickens is calling a bottom in oil. Several energy companies Pickens has purchased recently are: Continue Reading »