My Long Term Portfolio
Friday was an interesting day. While indices were kept in a narrow range for the most of the day, Big Money was busy buying energy and energy service companies indiscriminately. I think Big Money expects oil to go significantly higher. Maybe Big Money thinks that the Fed is going to bring out QE-III shortly after the debt ceiling issue is resolved, causing further devaluation of our dollar against commodities, specially oil and precious metals.
opader@gmail.com
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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