re: Opinions on market direction considering economy, margin debt, & valuation

quote:

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They're concerned about lack of demand for energy.

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true, but I think lower demand is from more efficient use, stagnant Europe, and reduced increases in demand from China. I think U.S. economy is in very good shape and will profit.

I also think the price drop is more due to over supply due to shale, weakened OPEC, and Russia/Venezuela pumping like mad to save their economies.

as you note, we'll know for sure once it's too late