My answer? Maybe. Not so helpful, eh? I will say this, however: we are at levels now not seen since the deepest depths of the financial crisis (remember that? It was about 300 years ago or so). I think energy is in serious trouble long-term, but I've stepped up with a medium-sized long position. Oh, and hey, Slope Plus folks – regarding the idea from a couple of days ago – I am long that position too.