At the time I recieved a lot of opposition. People bashed my character, my integrity, people mocked me for not being in this business as long as them. To the masses it was a sure thing that oil was going to head right back up to $100/barrel.
Well let's take a look at what has happened since...
According to Fitch, the U.S HY Default rate is anticipated to be 3% for August. At end-July 2015, Fitch's overall TTM default rate stood at 2.5%, up from 2.3% at end-June. The TTM default rates for energy, exploration/production, and metals/mining stood at 2.5%, 5% and 7.1%, respectively, at end-July. Hmmm, I think I see a trend here..