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re: Oil prices and stock market
Posted on 12/12/14 at 2:14 pm to bayoubengals88
Posted on 12/12/14 at 2:14 pm to bayoubengals88
When did $3.50 per gallon become normal? $100-110 has only been "normal" in year 2008, 2011-mid 2014. Investors have become greedy and reaped the benefits of the higher than normal oil prices because of the economical turmoil bought upon us. I can say with confidence the sky is not falling because oil prices have dipped.
1
Posted on 12/12/14 at 2:19 pm to 13SaintTiger
quote:
When did $3.50 per gallon become normal? $100-110 has only been "normal" in year 2008, 2011-mid 2014. Investors have become greedy and reaped the benefits of the higher than normal oil prices because of the economical turmoil bought upon us. I can say with confidence the sky is not falling because oil prices have dipped.
Well, while prices are much higher since post recession, it appears to be the "normal" now because the price has stabilized around the price we have seen for the past 4 years or so.
I don't think anyone truly things the sky is falling, but many should see this as the time to invest.
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