Oil Prices

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Dear Readers,

Oil Price
 

By Pauline Yong

 http:// www.stocktips123.com

Everyone is talking about the oil price as this is the crucial factor that determine
the direction of the stock market now. So I asked a group of audience recently
at what price they think the oil price will create a panic selling for stock
investors. I told them to think carefully before giving the answer as this is a
good way to train their "psychic power" in predicting the direction of the
market. 

Many say around US$100 – US$140 should create havoc selling.
I asked them again: "So you think when the oil price is near the historical high
of US$147, investors will get panic and cause the stock market crash?"
In fact, in my personal view, the oil price should reach US$200 and beyond
before investors get jittered. Then the audience grasp in disbelieve – too high!

 

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