This is Goldylocks at her best, and while the repuplicans are gladly reaping the benefits they despise obama for being at the helm at this point in time , knowing how good the economy is getting, and it is getting very good! Low oil ! I feel like james Dean on Giant covered from head to toe in oil. We're striking it rich, here in the USA . I do believe that initiatives to further energy independence will continue. Pair that with Cuba and the transparent jealousy of the bitter Republicans especially Rubio and his speech. A traitor to his Cuban brothers and sisters, he is.
Lastly and important . No inflation. I tell ya, the stars are lining up.. Yesterday the market came to the realization that low oil and low interst rates and growth will propel us . Moreover our position now is better than any other country on the planet! .. and they all look to us, even Putin , who doesn't want to!
Mutual funds are diversified market related and as dk poited out have performed quite well . They are diversified if you find one , and there are plenty..Don't invest all of it in one stock, but a balanced fund for seniors seems very reasonable. We do not need higher interest rates, certainly not now but the trump card to enable that is so powerful that it should be reserved when needed. We have no inflation!
Thanks Riv. I just read it and I absolutely agree with it . Oil is great at low prices, except for the oil companies. Like all things and that ole pendulum it just went to far, the market that is, and perhaps oil, and I refer to too far to the downside.. So we had a beautiful rally. The rotation I think comes and unto where, yes the opportunistic areas, where the buzzards are feeding on carnage, but the rally was broad today. So I have no idea, I still see no need for higher rates , and that trump card, the ability to use it, to raise at any time is so valuable and the thing is, right now, with the strong dollar and low oil, they would be foolish to even consider using it.
That is not why they raise rates, is it? Seriously. Had people close to retirement age invested in the market bottom five years ago they would have a load of money. Many did. Boring and old are not synonymous. Dividends for instance are a better vehicle while still being somewhat conservative.
Oh there is a bottom alright . This is getting interesting. Good for business and consumers. The stock market will soon come to believe it as well!!
perhaps they see lower prices which today they are going lower.... again
Makes sense but I am not sure if and when and what exact price they are purchasing , of course lower is better.
Coincidence that our cold war enemy Russia and the drop in oil are suffering? This is capitalism. Is this is war without firing a shot ? Whether intentional or not , and I tend to believe the latter, there will be big money made by hedge funds and others in this fallout of low oil. A fund I own had purchased 2 of the large Russian oil companies earlier in the fall, believing them cheap at the time. He was early . But when will he be right? Time will tell.