icandoitdon

Cheapest Valuations in Decades Will Trump Panic Selling

got that, everybody?

Is the Global Economy Drowning in a Sea of Black Gold?

beans......

i've been investing since you were a gleam in your daddy's eye and i've heard and seen it all including the idiotic notion that "this time it's different." gold bugs thought gold was going to the moon in the 1980s until it crashed and flatlined for about 20 years. same with silver. same with tech stocks in the 90s. same with real estate for about the last 20 years. and yes, the same with oil, which boomed in the 70s into the 80s before crashing hard.

there are only 3 constants in the markets...fear, greed and amatuers who buy into the notion that "this time it's different."

Is the Global Economy Drowning in a Sea of Black Gold?

i have read with amusement the idiotic view put forth by many that speculation has nothing to do with the price of oil...it's all world supply and demand and the next stop in this insatiable thirst would be $200/bbl. there are many reasons for this price run and underlying world demand is about 4th down on the list.

as for the "era of cheap energy" being over, i think i'd wait to see the effects of the next world wide recession before making such a stark judgment. i wouldn't bet the house on it.