Prepare your cash for loading up
Posted by Frugal on May 9th, 2008
Markets are at a really interesting juncture. Let me take a stab.
The most important thing I believe that’s going to drive the markets “should” be a top in the crude oil right around here. A declining oil price will probably drive the following:
1. Stock markets will probably go up and exceed the recent resistance level.
2. Commodity prices in general will go down. Gold prices may go down in sympathy temporarily.
3. Commodity stocks will obviously go down, especially oil sector.
Now a low is bad for your portfolio, but great for your existing cash.
I’m getting a little itchy. But if things present themselves, I will probably come to the plate.
Next week, I will tell you what is the most important thing about investing for the next decade. Here is the link for the second most important thing. It’s almost about time now.
Prepare your cash for loading up.
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May 10th, 2008 at 10:51 am
Why do you think crude will top here? What has fundamentally changed in your mind?
May 10th, 2008 at 11:15 pm
Bad timing my friend. Oil has not peaked by a long shot. Stock market rally is false positive. Don’t buy now. Or buy oil and commodities.