The S&P 500 Energy sector has now fallen 25% from its peak nearly six months ago, while the S&P 500 Oil Exploration and Production group has fallen even more at -45%. Ā If you want to label it a crash, be our guest.
Below we compare the recent declines for Energy stocks to the declines that Tech and Housing experienced right after they peaked in March 2000 and July 2005, respectively. Ā If OPEC is deliberately trying to hurt US oil companies, they're doing a pretty good job of it so far.
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