Tuesday, December 23, 2014

Being smart with $$ -- Catching a falling knife

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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