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Idea Xchange
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Re: Oil / EnergyThis market is having one leg after another kicked out from under it. Financials are taking it on the chin. China has entered a bare market and Trump has kicked off a real trade war. Meanwhile you have the Fed. raising interest rates with great regularity and all it is accomplishing is raising the present rates while the curve is flattening out which usually presages a recession. About the only strength left in the market is energy stock and consumer staples. Yes, energy prices are going higher but can the stocks continue to gain while the rest of the market collapses. Meanwhile Doom is talking about going 90% cash. I do love a party and I believe in riding a horse until she falls out from under you. I was being flippant today drunk on the two day gains my portfolio of energy stocks garnered. I made fun of using math as a foundation for investing. Math is a hard task master and the math is not adding up, in a favorable fashion. Market Psychology is equally as important and probably more important than the math. However, eventually the math will affect market psychology and probably already has. I have been ignoring the math because my portfolio of energy stocks has performed beyond my expectations. Wilk This is me having second thoughts. Evidently the buyers of energy stocks did as well, as there was a pullback from the highs and the overall market and energy stocks all retreated. The market is with great regularity opening up only to reverse any gains during the day. And those in Financials have been taking a pasting every day. |
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Msg # | Subject | Author | Recs | Date Posted |
2205 | Re: Oil / Energy | doomonyou | 2 | 6/28/2018 6:43:23 AM |
2206 | Re: Oil / Energy | velocity_capital | 1 | 6/28/2018 7:17:26 AM |