TSXV:WEE.H - Post by User
Comment by
BenVest99on Jul 20, 2010 11:57pm
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Post# 17283777
RE: RE: RE: RE: Q3 revenue estimates
RE: RE: RE: RE: Q3 revenue estimates"By the way, I think the market is in for a long down turn over the next few years and expect in that time oil will drop drastically. I still think WEE will end up being successful in that environment as they will survive with all there cash and this will be a cheap alternative to finding new oil EXPLORATION and DRILLING will be shuttered. If I am wrong and the stock market rallies then spec money will flow into WEE and all will be good for everybody."
Your doom prediction is certainly a possibility, but even Dr. Doom himself, Marc Faber, doesn't beleive in this scenario because he expects governments will massively print money to get out of the hole. I have been following is macro and market calls since the beginning of 2009 and so far he is almost perfect. The futur will tell if he'll continue to be right...
In the mean time, go watch this short video to see what money printing can do to purchasing power... stock prices should follow inflation seen in goods prices...
https://marcfaberchannel.blogspot.com/2010/06/marc-faber-us-zimbawe-school-of.html
GLTA
By the way, he expects the massive money printing to start in September - October of this year...