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re: Federal intrest rate and stock market

Posted on 6/12/15 at 11:19 am to
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 6/12/15 at 11:19 am to
quote:

It's been hard not to of been profitable the past couple years. All you had to do was take a dart and throw it at the board.


Tell that to people long in the energy sector.

Just to show an example where technical analysis could be useful one could plot a company like Oasis Petroleum (OAS) on a chart with crude oil. One might notice that OAS was making new highs above its 2013 in the summer of 2014. Meanwhile crude oil was not making new highs above its 2013 highs. This would be a huge red flag if one owned OAS.
This post was edited on 6/12/15 at 11:26 am
Posted by Shepherd88
Member since Dec 2013
4603 posts
Posted on 6/12/15 at 11:29 am to
Fundamentals would have proven oil was over valued as well, just as I mentioned earlier.

However if you would have bought a quality company as Exxon or the like in '09 and rode it down, you still would be profitable.
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