“Goldilocks Has Left The Building”: Citigroup Goes Medieval On The Energy Sector

by Tyler Durden
ZeroHedge.com
01/08/2015

The price of crude has collapsed by 50% in a few months (and 40% since the end of QE3), which can only mean one thing: the Wall Street penguin brigade is out in full force with its spate of energy sector downgrades, none of which is more bombastic than that of Citigroup’s Robert Morris who in 118 pages just crucified the entire energy space, lowering his target price for >every single company in his coverage universe, and declaring that “Goldilocks has left the building.”

The Rest…HERE

This entry was posted on Thursday, January 8th, 2015 at 1:50 pm and is filed under Economics, Oil. You can follow any responses to this entry through the RSS 2.0 feed.