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Reply to "What Stocks do you like right now?"

quote:
Originally posted by g-man:
quote:
Originally posted by WineTrooper:
When it happens, I think we see a 15-20% correction with the amount of dumb money in the market now. Maybe Dow 20,000. I’ll be a buyer there and will probably go heavy on oil stocks at that time. We are ripe for a commodity rebound and I suspect that regardless of the market, oil will be a safe play.


i dont think so

North america just produces soo much damn oil and i dont see it slowing down with mr orange at the head.

that said, hard tangible commodities are always a nice spot to hide some money


The US produces just under 50% of its oil needs even after the shale revolution.

Plenty being imported on a daily basis.

Meanwhile, worldwide oil demand grows every year (rapidly lately) and companies have reduced investments globally over the past 3 years.

There is a reason WTI is up from a low of $26 to $65. The Saudis and Russians want it and shale cannot meet worldwide growth alone.

Bfw
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