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Contrarian Investing: Betting Against Oil
It’s a tough time to be an investor.
Earlier this week, Warren Buffett repeated his warning “the economy would be in shambles.”
Meanwhile, the Federal Reserve said, “The pace of economic contraction is slowing.” And central banks added it intends to keep short-term interest rates at record low levels for “the foreseeable future.”
And what happened? The markets came roaring back to life yesterday with no market-driving news.
That’s because right now most news is just noise. Good news, bad news, “not as bad as expected” news, just fills the business pages. Most of today’s headlines are nothing but a distraction to investors.
We’re…
30Jun2009 | Q1 Publishing | 2 comments | Continued
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