May 24, 2010
– Comments (5) |
RELATED TICKERS: COP
My thoughts on this subject. I welcome all constructive, informed feedback.
*** ERRATUM: The title of my blog post should have been: 'The Bear Market That No One Noticed'. My mistake. ***
Your suggestion seems to be that with oil down 20% it "could" be a time to buy oil stocks. Perhaps.
Or it could be that the next leg of deflation has begun, and oil down 20% is just the beginning. Since I am in that camp, I'll say to anyone that now is not the time to be playing around with your money.
World in trouble with massive debt, governments, states/counties/cities facing shortfalls, credit spreads widening again, a bubble in Treasuries, pointing to trouble once again. See 2007-2009. The reflation effort is starting to stumble. Don't gamble long.
Thanks for your comment, which I am quite sympathetic to. In fact, I have been recommending an underweight position in stocks and bonds and an overweight position in cash for some time now.
how does deflation affect oil refiners not the supermajors?
I am short the S&P500 and GSG commodities etf.