Oil and Gold are in the spot light now but what’s next?
Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 05/31/2009
Tags: Financial, prediction, XLF
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Hello, now we are all feeling better and excited about the stock market getting better and better everyday.
I see that these days oils and raw materials are in the spot light and prices are getting higher everyday. Someone even predicts the price will hit $75. It is surely possible and may affect oil related stocks to go upside way. However, I feel like this is not the time for oil stocks now. I think we missed the ride already. I think the oil prices go up during the summer days and go down during the fall and winter. It has been like that in the past.
But then with the blooming stock market, where should I focus ?
I just visited the Mr.Bill Cara’s blog and He thinks something big is coming for Financials.
The Financials (XLF +1.42%) are coiling, getting ready for a large move – one way or the other
What do you think?