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Should have sold oil after the global environment summit.
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Last person you can trust or take seriously is GoldmanDidn't Goldman also predict $200 a year or two ago?
Started investing in '07. A few months later, the GR happened and i almost lost everything. That was a baptismal by fire...
This right here...not eem worried.... Not too worried about oil. China, though, is gonna produce one heck of a bowel movement in the stomach of the global economy.
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wasn't it like this in Aug15? hopefully, for everyone's sanity we bounce back
Didn't Goldman also predict $200 a year or two ago?
Im about to secure a house in the coming months...
Anyone know if housing market prices will drop with this nose dive?
I'm relieved that interest rates dropped again but would love to take full advantage of a steal if i waited.
Didn't Goldman also predict $200 a year or two ago?
The be fair the bank will be named but it's the analysts who put it out. Oil at 20 is feasible. The oil is already out and if we reach the true supply max when it comes to storing oil is when we will hit the bottoming out as the glut will be gone. They created the glut to drive out non rich producers and the cycle will be back rolling when oil hits 60s q4 this year
Yes, wait for the next crash. Variable rate loans are about to spike due to the Fed, and between the oil crash and the market correction/start of a bear market, people are gonna start defaulting again. I don't think it'll be at the same level of the 08 crash, but a crash is coming again. Interest rates will go down, bubbles in major cities will pop and we'll start seeing true values for homes reenter the market. With how things are now, and if they continue this way, it'll happen by next year.Im about to secure a house in the coming months...
Anyone know if housing market prices will drop with this nose dive?
I'm relieved that interest rates dropped again but would love to take full advantage of a steal if i waited.
there's a housing bubble right now that should pop if we have a repeat of anything like 2008, depending on who you ask.
here's a good article: http://www.doctorhousingbubble.com/stock-market-and-real-estate-values-stocks-housing/
personally, id wait for the crash and buy when prices fall.
Dawg, these reversals. Just glad I've been sitting on the sidelines
Don't jump in now (obviously). Everyone's getting slaughtered, but really doing DD on some names.anyone else just sitting and waiting for all this to "settle" downDawg, these reversals. Just glad I've been sitting on the sidelines
portfolio soaked in red