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"Fool Me Thrice?" - WTI Crude Nears $38, Up Over 10% In 28 Hours

Presented with little comment.. aside to note that every rip from a dip is greeted by the mainstream stock enthusiasts as a balls-deep buying opportunity in every oil & gas stock... only to be grossly disappointed a day or two later...

 

Stocks flip-flopped from USDJPY to crude as correlation-algo-in-chief...

 

But did stops just get run?

 

And credit is continuing to collapse as stocks bounce...

 

"Fool Me Thrice?"

 

Charts: Bloomberg