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  #1  
Old 01-19-2009, 02:43 PM
trent trent is offline
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Default Winning asset class for 2009?

What do you think will be the winning asset class in 2009? Share your thoughts on the subject and let us know how are you planning to invest in 2009.
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Old 01-20-2009, 03:42 PM
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I would say oil. I know that oil is not an asset class by itself, but I'm not sure that many other commodities have the upside potential oil has, that's why I didn't say commodities. I see oil in the $80-$90 range by the end of this year, and I'm planning to make some money from this .
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Old 01-21-2009, 03:48 PM
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Quote:
Originally Posted by Canadian View Post
I would say oil. I know that oil is not an asset class by itself, but I'm not sure that many other commodities have the upside potential oil has, that's why I didn't say commodities. I see oil in the $80-$90 range by the end of this year, and I'm planning to make some money from this .
I don't think oil will go over $50 this year and I see it in the $30-$40 range actually. I think cash will stiull be king in 2009.
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Old 01-22-2009, 04:40 PM
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I don't think oil will go over $50 this year and I see it in the $30-$40 range actually. I think cash will stiull be king in 2009.
Oil peak is here, and production in major oil fields worldwide is declining at alarming rate. In short cheap oil extraction is over, and places like the Canadian oil sands are very expensive to develop. Nobody will invest in developing new oil projects if the price stays in the $30 range for prolonged period. This in turn will pose a huge supply problem, once we have an economic recovery, and the price might shoot back to its previous high in a matter of weeks.
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Old 01-23-2009, 02:12 PM
trent trent is offline
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I think both oil and gold will do extremely well, in the present economic environment. It will take some time for oil to resume its bull market, but I expect it to start gaining early summer. As far as gold goes, I won't be surprised to see a new all time high by the end of March.
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Old 01-26-2009, 04:52 PM
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Yes, gold should do well for a while, but keep in mind that gold is not cheap, compared to oil.
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Old 01-28-2009, 04:54 PM
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Yes, gold should do well for a while, but keep in mind that gold is not cheap, compared to oil.
What makes you think that oil is cheap, right now? I still think we can see oil goes as low as $25 per barrel.
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Old 01-29-2009, 04:49 PM
bullish bullish is offline
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Oil is going nowhere near $50 anytime soon, and I even expect to see it in the low 20s. Quality stocks will be the winning asset class in 2009, with the expected recovery.
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Old 01-30-2009, 03:50 PM
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Oil is going nowhere near $50 anytime soon, and I even expect to see it in the low 20s. Quality stocks will be the winning asset class in 2009, with the expected recovery.
What exactly are the quality stocks you are referring to? If oil ever goes down to $20 per barrel, then there will be huge supply disruptions shortly after that and the price will bounce higher right away.
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Old 02-04-2009, 05:14 PM
trent trent is offline
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Oil is going nowhere near $50 anytime soon, and I even expect to see it in the low 20s. Quality stocks will be the winning asset class in 2009, with the expected recovery.
I don't think we'll ever see oil below $30, but you keep dreaming and if you wake up one morning and oil is at $80 don't panic .
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