There are lots of theories as to why but the one we subscribe to is that there are very few husbands who are willing to risk the wrath of a disappointed wife by buying her a preowned watch.
Avoid buying stocks that have bolted higher without a break, but watch for a proper consolidation, followed by a sound breakout which may offer abuying opportunity down the road.
With U.S. deepwater prospects off limits for at least six months pending political handwringing, watch for the cash-rich, growth-hungry supermajors to go on a shale buying spree.