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re: Federal intrest rate and stock market

Posted on 6/12/15 at 11:29 am to
Posted by Shepherd88
Member since Dec 2013
4602 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.
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 6/14/15 at 8:53 am to
quote:

Fundamentals would have proven oil was over valued as well, just as I mentioned earlier.


Fundamentals pointed to an oil market crash as early as Summer 2013.

LINK

In the OPEC monthly report for June 2013 concerns over increased US and Canadian are evident.

Yet oil remained in the $100/bbl range into August 2014.

I'm not saying don't look at fundamentals, as they are very important. But markets can go against fundamentals for months to years. Studying technicals can help keep one out of trouble.
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