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re: Does the middle class not invest?
Posted on 7/19/20 at 9:38 am to Ramblin Wreck
Posted on 7/19/20 at 9:38 am to Ramblin Wreck
quote:
Energy, banks, airlines are all great deals now.
Why do you think the market is providing “a good deal” on these sectors?
Posted on 7/19/20 at 12:33 pm to LSUtoOmaha
quote:
Why do you think the market is providing “a good deal” on these sectors?
Not sure if your question is sarcastic, but all three of these have huge investments and were hit pretty hard by COVID. People quit flying, driving, and can’t make loan payments.
Regardless, these markets will come back strong. They always do. We can’t survive without a banking industry. As third world populations and economies continue to grow, oil demand will follow. As mentioned earlier, just about everything you buy has something petroleum based in it. The shiny box with the frozen pizza in it that you buy has a wax coated box and chemicals in the ink that originated from oil. The plastic around the pizza is from oil. The US department of defense needs Boeing to be strong. Boeing needs airlines to be strong. Boeing at less than $200 a share is an great long term investment.
There isn’t even a possibility that those three industries will be allowed to fail. Without them, we would slip into being a third world economy.
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