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re: Oil prices and stock market
Posted on 12/12/14 at 2:26 pm to Indfanfromcol
Posted on 12/12/14 at 2:26 pm to Indfanfromcol
quote:
because the price has stabilized around the price we have seen for the past 4 years or so.
I would hardly call it stabilization simply based on the fact that we were in a recession bound to come out, and there were a lot of unknowns. It was a prosperous time for prior investors which has now resulted in greed. I do believe prices will "stabilize" around $80 but would not be surprised if it falls short.
This post was edited on 12/12/14 at 2:27 pm
1
Posted on 12/12/14 at 2:41 pm to 13SaintTiger
quote:
I would hardly call it stabilization simply based on the fact that we were in a recession bound to come out, and there were a lot of unknowns. It was a prosperous time for prior investors which has now resulted in greed. I do believe prices will "stabilize" around $80 but would not be surprised if it falls short.
I mean, we can all speculate where the prices will land after this shock to the market, but prices were stable for the past 4 years. That doesn't mean that when prices come back up that it will stabilize at that amount again though. It could stabilize at $80 or lower.
However, it will come back up, and I wish I had money to invest in these oil companies right now.
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