Of all the recent global events, oil headlines are trumping the media this week.
And while most agree- including myself- that you’d be crazy to invest in oil stocks right now, they can’t seem to agree on what the price of oil will be when it hits bottom.
Some called it at $35 per barrel…before it dropped to $30 for the first time in 13 years. And as I’m writing this, the news networks are forecasting oil to reach $10 before hitting bottom.
But I’m not going to tell you what the price of oil will be.
My view on oil is that there is just too much supply and too little demand for it. And too much oil right now is a bad thing for the markets.
What I want to talk to you about today is something the pundits AREN’T talking about…
I’ve identified something that they’re not seeing…
And it’s something that’s telling me to ignore everything they’re saying about oil right now.
So forget everything you’ve heard about oil and energy stocks.
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