RE:Slow But Surebandit69 wrote: The headlines are changing for the positive for oil. I said this several times that most money in markets now is managed money and it has to go somewhere. What is the most beaten down sector with the highest chance of return? energy of course. Weed? no. Tech? no. retail? no. financials? no. Util's? no. REIT's? no......
PNE has been too hard to pass up and I've been nibbling on it.. It's pure spec on my part but It sure looks ready to pop any minute.
I think the the bolded statement is incorrect.....sort of. There is a clear trend away from actively managed investing (mutual/hedge funds) toward self directed passive investing (ETFs). IMO, this is why we see long melt ups in trendy sectors (tech, biotech, FANGs etc) and long melt downs in hated sectors.....notably energy. I can't help but wonder if the sentiment towards investing in energy won't change until there is a very serious meltdown in the broad market that causes people to freak out about deflation and debt. The central bank playbook would call for a massive, globally coordinated attempt to reflate.....infrastructure projects galore.....which would obviously favour commodities (even energy!) . Investors would likely gravitate towards "value stocks" over growthy silicon valley unicorns. If this happened to coincide with shale plateauing and Canada's egress issue improving, things here will look almost unimaginably different than today.