Technically speaking, this decline looks so orderly that I don't see what the rush to get in would be. But if it gets to $25, that's a falling knife I'd lunge for, with an eye to the long term or a spike due to instability of some kind.....
Is the Second Great Depression Imminent? [View article]
I agree with you wackywebname...... At $147/bbl everyone thought that $200 was around the corner. But look at how powerful demand destruction is. We aren't talking about oil being 10%-20% down from the top, either. And, it may well go lower!
Buying USO Is a No-Brainer [View article]
Is the Second Great Depression Imminent? [View article]
But look at how powerful demand destruction is. We aren't talking about oil being 10%-20% down from the top, either. And, it may well go lower!