I really only get to listen to CNBC in the spring so trends over time can jump out at me.
Spring 2020-Don't buy oil stocks-They are really cheap. but they are going to stay down forever because of secular changes in the market-Electric Vehicles and such."
Spring 2021-Basically the same.
Spring 2022-After most oil related stocks have doubled (or more) in the last 2 years.
"Buy oil related stocks NOW!!!!-there is still room to run-BUY, BUY, BUY!!!!!!!"
Um, guys and gals-maybe if you are worth your salt as investment advisors you would have been telling people to buy them 2 years ago when they were dirt cheap.
For the record-I have long been over weighted on oil-related stocks but I sure as hell ain't buying now.
To CNBC Hosts-Gee, Thanks
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Bob Juch
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Re: To CNBC Hosts-Gee, Thanks
Sell them and buy Tesla.Spock wrote: ↑Thu Jun 09, 2022 7:38 amI really only get to listen to CNBC in the spring so trends over time can jump out at me.
Spring 2020-Don't buy oil stocks-They are really cheap. but they are going to stay down forever because of secular changes in the market-Electric Vehicles and such."
Spring 2021-Basically the same.
Spring 2022-After most oil related stocks have doubled (or more) in the last 2 years.
"Buy oil related stocks NOW!!!!-there is still room to run-BUY, BUY, BUY!!!!!!!"
Um, guys and gals-maybe if you are worth your salt as investment advisors you would have been telling people to buy them 2 years ago when they were dirt cheap.
For the record-I have long been over weighted on oil-related stocks but I sure as hell ain't buying now.
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.