Quote from: RE on Jul 10, 2024, 11:33 PMQuote from: TDoS on Jul 10, 2024, 08:54 PMI'll buy that for a dollar!!
So you're going short on oil? Make some money betting the demand dropping?
RE
I tend to bet overall market performance, not specific stocks, industries or commodities.
So for example when a decent recession is coming, I move from market tracking funds to fixed returns, and back again when things begin to turn. Made an absolute killing timing the end of the world with peak oil 2008 (according to the experts at TOD) and bet the wrong way a few years ago coming out of the market during Covid rather than before it. Stayed in that position to long, but got back in in time to get substantial benefit from the post Covid government spending spree and weird housing market reaction that came along with it. Went short on the market about 3 months ago, but not a bunch. Just a little.
Oil is irrelevant in the overall scheme of things from my investing perspective. Too myopic of a perspective.