Because the stock market works 6 months to a year ahead of what is happening now. Example. 1 Company buys another and pays for it. All the aquirring company had to say that it will increase earnings next year and the stock goes up immediately. If the company buys another and says nothing the stock goes down the very day it buys another company.
dglynn1040, just today the Saudis said that they cant make money on oil at these prices. Oil will soar as 1 by 1 we all stop drilling until the glut is gone. That will happen this year. History repeats itself. Watch and learn.
For you non believers...I already bought some last week of SDRL, NE, RIG, COP, CVX, XOM. I'm buying more soon.
I'm buying COP and several other large dividend paying oil stocks. Including ETFs. This price decline is a gift to us investors. I'm buying on every dip down and I started about 2 weeks ago. This oil glut will pass very soon so I wouldn't wait to long.
I think ALL of the bad news is out. Shale in N Dakota has virtually stopped and drilling is less and less daily. In a few months the big surplus will be gone and new drilling will continue as prices bounce back to $70 - $90 + a barrel again. Americans are already dumping teir hybreds and buying big gas eaters again. Watch this all pan out this summer. Seadrill will hit $30 this summer. Also the div will return but not as much as before.
eyecandy...Why do you think that any politician is not corrupt? I can name a few hundred senators and congressman that are corrupt! Especially your PEE PARTY!!!!
Thumbs down to me makes you an idiot. You may see $50 first instead of $80. Watch and learn.
Short sellers are getting rich. But when it hits bottom and that will be very soon. Then GE will shoot up like a rocket!
I think your right. I am a believer in COP and don't think it can go much lower than $51.00+ but if you dollar cost average every month in a few years you'll pat yourself on the back. Nobody knows how low it can go but long term you'll see $100 a share in less than 3+ years.
You sound just like Rush Limbaugh. Are you him or an imposter? Stupid minds think alike.
Well what do you think now? I know I was called names but the truth is that I'm going to be right. I do think we are close to a bottom now but wouldn't be surprised to see $51 or so.
ddwraiggoch...Your another loser, along with rebecca
rebeccaherbstininvestor_f1, I did many things like that in the past and will do more in the future. I've done better than most all the pros. I've been in the market since 1967 so I know what I'm talking about. Want to hear about my investments. Well, I invest when there's plenty of blood in the street. I sell when everyone is buying. Only morons listen to the pros. I'm a big winner!