>>> I see old fundamentals don't work anymore.......
API# large draw...........
RIG selling a 20 bucks......
I'm lost for words........Anyone have an answer <<<
The market is in a period of consolidation, not growth and expansion. In a consolidation period, the fundamentals are to ignored, for the most part, and market timing strategies are more successful.
In any market timing strategy, that includes a trendless market, or one that is declining, you don't buy in the high end of price ranges. You wait until you see lower support levels being successfully re-tested. Your other alternatives are shorting the market or sitting on the sidelines until the market corrects to your style of investing.
When we see periods of growth and expansion, market timing strategies aren't as effective. That's when longer term holds, based on fundamentals have a better success record.
Add to this that what we are seeing, plain and simple, is a buyers strike! We aren't seeing huge selling as prices are falling. We're seeing fear take hold of the markets in the face of uncertainty regarding the geo-political situation. This fear is preventing the buyers from showing up and because we have a lack of buyers, supply outweighs demand, thus prices are falling.
Focusing on the fundamentals and not taking the condition of the market into consideration, has most people peeing into the wind.
The clues were there, I've been trying to remind people to look at them.
dabum |
