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RE:Can't Time the market

[flamingogold]

Trying to make sense of business headlines on a daily basis can turn anyone into a schizophrenic

hawk35 wrote:
There has been speculation on this board about a possible recession and market correction.  Morgan Stanley and others have been throwing out their ideas.  But it is good to remember that you can't time the market.  Ever.  And usually recessions don't happen when people are warning about them.  Recession come when everyone is saying buy, buy, buy. 

The article below from today's Globe and Mail shows the futility of trying to time the market based on what analysts are saying.  The subject is future direction for the price of oil.  It really shows no one knows where this market is headed.  Not a clue.

Oil price could move $30, but experts can’t agree on which direction
Scott Barlow Market Strategist
Published 8 hours ago
 
 
I haven’t been mentioning oil prices lately because every day sees one of two headlines – either “Oil down on weak demand despite OPEC production cuts and Iran sanctions” or “Oil higher on Middle East tensions but weaker demand outlook caps gains.”
The Financial Times attempted to get to the bottom of forecasters’ frustration in energy markets,

“In the current oil market, few have any real sense where prices are going next… Influential London-based oil brokerage PVM said this week that the next big move in oil prices could be $30 a barrel in either direction … On one side are the rising tensions between Iran and the West, which have threatened to make the oil market’s doomsday scenario … imperilled supplies through the Strait of Hormuz, the world’s most important oil shipping lane — a reality. .. The continued rise of the US shale oil industry also means that many traders expect the oil market to be in surplus this year and next, despite the hit to supplies … The long-term future of oil demand growth is also under threat from increased public and political support for cutting emissions.”