Watch oil for a bottom in the Stock Market

[aerynsun]

Oil closed at 33 today.

I have XLE on my buy list. I'll probably start buying on Monday. Especially if it is a down day.

I break up my purchases into 4 or 5 purchases. I'm not in a rush.

If oil goes to the 20s I might miss some of the upside. But during normal times it will be about 60.

This doesn't mean we are at the absolute bottom of the general stock market and I'm not buying general stocks at this time. Just that Oil is near its low and the risk is lower then other stocks.

[Bob]

Trying to call the bottom is a fools game. But recognizing it is a clean 20% from the top and will spring back? Super win!

[David]

I paid $1.95 at Costco yesterday. Might go even lower as POTUS just ordered a topping off of the Federal Reserve.

[Ronin.45]

I paid $1.95 at Costco yesterday. Might go even lower as POTUS just ordered a topping off of the Federal Reserve.

We're at $1.68 here. Harder to take advantage of the cheap gas when no one is going anywhere though.

[Bob]

Screw gas - the Dow is at 2k. Dive baby dive!!!!!!

[David]

Screw gas - the Dow is at 2k. Dive baby dive!!!!!!

Yep, I’m fine with it falling right now as we’re planning on doing some investing and then riding the wave when it comes back. And it will come back strong and soon.

[David]

The current thought is that gas is going to go under $1 per gallon at some point. That would be kinda super nice

[Strayz]

The current thought is that gas is going to go under $1 per gallon at some point. That would be kinda super nice

That would cripple the rest of the world letting them know that there governments are killing them not so slowly by having prices at 4-6 dollars a liter.

It would also mean a lot of companies start shutting down production until prices go back up.