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Time to buy oil stocks. Crude now 57!!!!!!
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[QUOTE]Originally posted by cruz: [QB] That's not a bad idea - BUY raw materials. [QUOTE]Originally posted by Purl Gurl: [qb] Correct timing to sell oil stocks was seven to ten days back. It will be downhill from here. I dumped our oil stocks three weeks back. Price of oil has reached a point to be destructive to world economies, and it is destroying economies. Regardless of how much "potential" a given oil stock displays, it will lose value. This is in strong evidence already. My suggestion, in another thread, is to move into raw materials not related to oil, and into services which are "close to home" types. The consumer market is quickly falling apart, and oil price is the main cause. People cannot afford to buy gasoline. Shipping companies cannot afford to buy gasoline. Truckers cannot afford to by diesel. Makers of oil based products cannot afford to make thier products. Almost all products depend on oil. Almost all products are too expensive for a majority of world populations, including Americans. You have been keeping up with news about time immortal General Motors, yes? "As GM goes, so goes the country." - some Eisenhower cabinet member Purl Gurl [/qb][/QUOTE] [/QB][/QUOTE]
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