Either Oil Soars Back To $88, Or Energy Stocks Have To Tumble By Over 40%
January 29, 2015 at 16:02 PM EST
Several days ago we showed something remarkable: "current forward 12-month P/E ratio for the Energy sector is now well above the three most recent historical averages: 5-year (12.0), 10-year (11.9), and 15-year (13.6).