Quote:
Originally Posted by GregWeld
There are so many "things" happening around the world that it makes a guy have mixed feelings about what picture we should have going forward. Europe in recession... Russia in recession... China growth slowing... Terrorism around the globe.
Falling oil prices are supposed to be a "gift" to everyone's pocketbook. Even I notice the difference when I fill up. Yet - there is little doubt that people in the oil patch will suffer as layoffs occur and drillers etc slow their buying of whatever it is that they need to operate.
HO HUM! The same news with different headlines has been going on since the beginning of time. Just put a different name on a country with problems... or a "monetary" crisis somewhere... and I can't ever remember when there wasn't a war somewhere in the world.
Here's what I have noticed lately that may be a little different. If a company misses their numbers - they get HAMMERED. Not often have I seen companies sell off 10% in minutes after they've reported a miss. What this signals to me is that people want an excuse to sell something. Anything. To me that means people have grown "skittish". Something in the air is making people nervous or unsure. When you're unsure or nervous - you sell.... sellers deflate the price.
The biggest gainers usually deflate the fastest. But remember, if you've been in the market awhile - and the stock has run 30% - and drops 10%.. you still have a gain.
Don't forget that you're the best human intelligence around. How's your company doing. Business good? Are your friends businesses good? Or? Be aware of what's going on around you. Houses sitting or are they sold in a month or so... The restaurant you go to frequently busy or just plugging along... Doesn't mean you need to react in your accounts - it's just another thing in investing to learn. Be heads up and pay attention to your own sense of wellbeing.
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Plus the airlines must be getting killed right now. They hedge fuel and they might be stuck with 2014 pricing for a while.
Mark my words, this oil drop is going to start WWIII or conflict XXVVIIM