I know nothing about investing (that’s why my money is in CDs).
But it seems to me that if you bet on a decline in oil after the rise that inevitably occurs when news that scares the oil market happens, you’d be right most of the time. After the Korean missile test today, the price hit a record high above $75. I bet 3-5 days from now it will be lower than that.
Maybe the time frame would be shorter or longer than 3-5 days; I never really closely looked at the exact timing. But it seems that, not just in the oil market but in other markets as well, whenever investors react to news by pushing the price of something one way or another, the price corrects shortly thereafter.
I’m quite certain I have no idea what I’m talking about, but it seems to me to happen with such consistency that I wonder what I’ve missed; I wonder why it won’t work.
