12-02-2014, 11:35 AM
So 6 weeks ago, oil prices plummet and the market does too. Flirting with $80 / barrel was dangerous point for US production "they" said. This week it falls below $70... aaaand... not much happens, despite calls for it staying below $80 for 2015.
Care to explain if this has affected any of your investment strategies at all? Personally I'm glad I'm out of TSLA and SCTY right now since both benefit from rising oil prices. But I bought back AMZN today since it's over SMA 200 and if gas stays near $2 / gallon I figure consumers will release some pent-up spending.
Were any of you smart/lucky enough to buy UPS or FDX 6 weeks ago? Why not now? :dunno:
I'm also pretty tempted to buy some more silver / gold funds or physical...
Care to explain if this has affected any of your investment strategies at all? Personally I'm glad I'm out of TSLA and SCTY right now since both benefit from rising oil prices. But I bought back AMZN today since it's over SMA 200 and if gas stays near $2 / gallon I figure consumers will release some pent-up spending.
Were any of you smart/lucky enough to buy UPS or FDX 6 weeks ago? Why not now? :dunno:
I'm also pretty tempted to buy some more silver / gold funds or physical...
The only thing that stops a bad guy with a van is a good guy with a van