Posted by coshoo on January 15, 2016 at 17:34:01 from (174.31.216.150):
In Reply to: Stock market posted by 37Chief on January 15, 2016 at 12:28:10:
Its always better to get out at the top (but who knows where the "top" is?)- you did fine getting out today, because I think there's a lot more down side coming. World has a glut of oil, and after next week (when the sanctions end), Iran's oil will come on the market as well. Middle east countries can no longer manipulate supply to get price up, because oil is the only thing they have to sell, and they have to keep selling it, regardless of price, to generate a cash flow to keep themselves going. They may even have to increase production. So look for more down side. You'll want to be pretty sure the market is recovering before you get back in. Key is probably oil price- if it starts recovering, and looks like the recovery will continue (ie, consumption has caught up with production), stock market should follow. Unless it doesn't. LOL
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