Energy - Is There a Capitulation?

Jim Boulden: Energy is not going to be immune from a liquidation, capitulation type of moment for the overall market. He says we are supply challenged for energy but guess what? Just like month to date, as you cited, energy is down 13 % and it's the worst sector. That doesn't seem logical, but it's not logical because we've separated the fundamentals from the pricing in the market," he said.