Oil and gas stocks are under pressure from different directions. However, ultimately, prices will support profits. If you are afraid of oil and gas stocks now, maybe it’s time to buy.
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Having studied economics and being in finance for over two decades, I have learned that only one thing is certain – that almost nothing is certain. As we endeavor to come up with our best analysis of the world around us, the opportunities and risks, we have to try to overcome a myriad of issues including our own ignorance, biases and emotions. What follows are my attempts to overcome those obstacles. Welcome to my view.
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Amidst all the unappointed trade worry warriors, de facto Lords of debt bombs and bongo bubble blowers preaching narratives to us about why, how and when the world is going to end again, I have but one Presidential thing to say to them…..Bull$µ!#.
The market got choppy on the “trade war” worries. That is opening up some trading opportunities for about the next year. Technical indicators are showing that we stand a good chance of seeing a big sell-off through next week, possibly heading as low as about 2600 on the S&P 500. It is unlikely that we see the December lows this time around as there is no tax-loss selling and no […]