Wednesday, December 9, 2015

When Will Oil Bottom?

The majority and minority refers to the population of investors supporting a trend. The majority fuels market at tops and bottom because they are consistently wrong about direction.

The majority is turning pessimistic on oil. The cycle of greed/(optimism) and fear/(pessimism), the force of human behavior that drives all markets, will fuel the next bull market and profits for the minority that fades extreme cycle concentration.

Headline: Oil recovery by 2017? Not likely

Energy analysts are confidently predicting that oil prices will rebound by 2017, as global supply and demand come back into balance. "Buy for the long run" is once again Wall Street's over-used mantra.

Economists John Maynard Keynes once notably remarked, "in the long run, we are all dead."



Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.