Tuesday, October 14, 2008

A Look at the Crack Spread

It took a HUGE beating and is now back to recent lows. The last two days have shown improvements. If this keeps up, we could see the refiners rally once more, but I would not put much weight in the stocks, they are in such bad condition. The crack needs to sustain a high to medium level for a LENGTHY time in order for these stocks to come back into favor.