I forgot to mention back in 1974 I had a job at construction site working on a drill rig. The company came from texas called drill rock inc, and now that I understand that was a bad time, recession and the drillers for oil were now drilling for fill but that went under too. I believe after 7 years this bull is tired and it is time to go bearish. I read all the articles like you all and they want you to stay in the market telling you it is this time, and it is not a recession. We are not in one yet but this bull is tired, remember every 7 years we have one.
Kramer is a #$%$ most of the time but this time I agree. I just read the article about Kramer said oil could go to 10.00 a barrel. It happened before and who ever thought gold would go as high as it did, not me for sure. I did buy oil last time for 10.00 a barrel and today was a nice spike up, but I know the saudis want the pot and if that means them taking a beating to put the drillers out of business they will. Think they were number 1 and now we are number 1 and we will not work for peanuts but they will, so enjoy the ride up but I believe it is headed south back to 10.00. Good luck all
When the time hits the bottom I will buy, but I may not catch the exact bottom but I wont be chasing it. I bought glm global marine a long time ago at 9.90 a share when oil was 10 bucks a barrel. Saudia arabia does this to us all the time. When you guys are crying I will be buying