Falling knives? People say we shouldn't catch them. In the financial markets,
investors often love to buy an asset after it has fallen but many times the
buyer jumps in only to see it continue to fall. Recently oil has fallen by
almost a half. T. Boone Pickens said today on CNBC that Brent oil should rise by
50% or more in the next year to year and a half. Will it? We will only know in
18 months but in the meantime you might want to wear some steel-plated
gloves.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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