Hi Bull. I think that we are due for a dip, not the first or last in a continuing bullish trend that probably has years to go. Furthermore IMHO we may never see $20 WTI again. The forest to me is more people consuming more energy, with newly prosperous countries like China being the juggernaut for continuing reasonably expensive energy.
Wrt: <<Winkster, you have definitely outplayed me this hand>>,
Have I ever told you about the time, about 5 to 6 years ago, that I loaded my IRA with a Mexican stock, GMD, that I heard an ANALyst recommend. His rationale was that the stock had come down a lot. After it came down a little more, I bought it.
The extent of my DD was that 3 minute interview watched on CNBC. I didn't know what the company did, or even what GMD stood for. (VBG now not then) After later checking a Valueline, and seeing that GMD was a cash sinkhole, I still held. For mostly personal reasons, I finally did sell. Luckily so, since GMD went to almost 0 on the NYSE and was delisted.
I lost about 70%, and to this day that IRA has not recovered to where it could have been if I had kept it in stodgy old Com Ed. At the time I was about 95% invested in real estate, now only about 20%.
After that I decided to get more serious and listen to people like you.
Take care BigBull. Wink |
