The concern is that if a lot of the gains are in energy, that's good news for energy, but not necessarily good news for the economy.
More Quotes from Barry Ritholtz:
There's still upside in tech but it's going to be more grudging and grinding and choppy, it's not going to be this moon shot that we saw a year ago.Barry Ritholtz
We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.
Barry Ritholtz
We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 percent for all the major indexes before I'll be confident that this is a bottom.
Barry Ritholtz
The budget deficit is going to have to go up over the next three to seven years.
Barry Ritholtz
I don't think this has much of an impact on the U.S. markets, barring some bit of tomfoolery in the Middle East.
Barry Ritholtz
If you look at which sectors have done particularly well this year, including home builders, mining, energy, other commodities, they have done well because of unusual factors, ... such as the still historically low interest rates, which are already rising, or demand from China for commodities.
Barry Ritholtz
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Based on Topics: Energy QuotesEvery gift from a friend is a wish for your happiness.
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