US Inflation and What To Do About It Message Board

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Strategies & Market Trends : US Inflation and What To Do About It

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ggersh

To: ggersh who wrote (1418)	3/8/2020 6:47:37 AM
From: RetiredNow	1 Recommendation Read Replies (1) of 1504

I think you know plenty and I think you are right. Did you see what the Saudis just did? They declared an oil price war. Oil majors are going to crash on Monday. I bought some FENY last week and I think I'm going to buy more on Monday. The yields on the majors are awesome. Even if the yield gets cut in half, your still looking at a 3-4% yield to pay you to wait for a year or two, while oil sorts itself out and the economy recovers from this crazy demand and supply shock from coronavirus. I just dipped my toe, so don't have much, so no sweat if it doesn't pan out over the next couple years. However, I'm picking my targets and will layer into the broader market as well when the time is right. I think we have another leg down before that time comes, though. I think it's about to get very painful for owners of stocks.

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