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re: Is "smart money" piling into oil once the calendar flips to January?
Posted on 12/27/15 at 9:47 pm to RidiculousHype
Posted on 12/27/15 at 9:47 pm to RidiculousHype
Sure oil will go back up but do you really want to buy it at $35 when it very well may be at $25 in 6 months?
Posted on 12/27/15 at 10:03 pm to C
quote:
buy it at $35 when it very well may be at $25 in 6 months?
This could happen, but at the same time the S&P 500 didn't do so hot this year either so a buy and hold for oil really wouldn't be giving up much opportunity cost if it takes another year for oil to recover and the S&P lags again.
Posted on 12/28/15 at 8:39 am to C
always trying to time the market perfectly
You buy at $35, then it does go to $25, but when it shoots back up to $65 or $70 you win either way
You buy at $35, then it does go to $25, but when it shoots back up to $65 or $70 you win either way
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