Sooner than later.a freefall of 40 % on the Sp 500 by the fall for a correction is presumed.There is a growing pool of oil on the futures exchanges.All good things must end and this is not going to be a happy ending.
I agree that the run will end. But, seriously, uwin2, what do you think is happening at the moment? Most of the juniors are sitting at the bases of the bollingers. Oil could drop to $80/bbl and it won't really change the forward momentum for companies like KOG and MHR. Now--if it drops to $60/bbl, there could be a serious tumble. However, that won't happen--OPEC won't let that happen in global markets and as for other countries getting into the fracking game, they are all two to three years out. Demand, despite horrible growth here in the states, will still continue to grow. So--of course--the question is when. Well, none of us know do we,-so we play at the edge. This is not to insult your thinking. You have a conservative view and any given day might find me in your camp. By the way, in my home town, Salt Lake City, Utah, bus fares have risen so high that the public debate has begun as to whether it is time to get back in our cars. This is not a serious issue in one city--but it is happening elsewhere, too. So--it won't be a happy ending--you are right. But I think we can still play at the margins for another few years. Thank-you for your thoughts..
Never did i say not to trade in and out on some stocks.When the general market starts to whine it will be too late for some to bail out.Keep those rip cords ready and dont get stuck in any position.And if I knew when those SP puts would be great.
Stay negative friend, stay negative. Sooner or later you MIGHT be right. The doomsday sayers have been spouting about the 'market crash' and what you should do AT ONCE, since January. Of course, they all have a newsletter they want to sell you. And, just for you, I have this Ocean front property, in Kansas, for sale. But you must act quickly!
Does it have oil too? Stay positive but expect a slide in this over pumped market.Remember what goes up must come down.If you have the crash site for Dorothy from the wizard of oz there in Kansas it might make money.