Energy is reasonably priced, the stocks seem to be already down to recession levels. Think of the debt taken off the balance sheets last two years, these were companies that were highly leveraged just a few years ago. Now the balance sheets on most look pristine. The sector vs banks/tech really shines even with $60 oil.

 

  Pretty good risk/reward in here. I'm still 50% cash but moved money from some diversified ETF's and pipes back into producers this week as I was really light on that side. Sentiment is now as bad as it was last Sept/Oct. at the S&P lows.