Except that you never know where the bottom is. But if something was a good buy at X dollars, it is a better buy at 3/4 X or 1/2 X, every time.
And nothing, I mean nothing, will take the place of hydrocarbon energy in our lifetimes. So a prediction that energy, and the companies that produce it, will be here for quite a while longer.
--untill years later but then it doesn't matter.
What we're saying it that while we don't know if energy stock prices are at the bottom, what we do know is that right now they're falling. If they stop falling for a few days or a week then what we'd know is that they stopped falling right now.