Why not put all your eggs in the ';oil basket';? Looks like oil is king, right?

The more posts like this that I see, the more I am convinced that a top is near. This market can go higher, but it is trading purely on emotion right now. When the bubble bursts, look out below!





Scott Cole


www.kungfutrader.com


www.bestdaytradingstocks.comWhy not put all your eggs in the ';oil basket';? Looks like oil is king, right?
No, if that happened then they could not play with our little


ole minds.


The playing with our minds to upset us and make us make crazy decisions make their game playing the market fun.


What fun would it be to know all the eggs are in the same


basket? If they even did it, they would make sure you stumbled and fell with your basket so that your eggs would


break and theirs would still be whole and whammmmO;


';Gottcha.'; Something like that.


Sounded good!!


Peace!Why not put all your eggs in the ';oil basket';? Looks like oil is king, right?
That's what they were saying about tech stocks a few years ago.
One of the cardinal rules of trading and/or investing is that you never invest 100% of your investing capital at any one time AND you never invest 100% of your invested capital into any one investment.





There are trading/investment rules that trader and investors follow, regardless of how good or bad the market is, they NEVER break one of their rules.
No matter how good the picture looks, some degree of diversification is always a good thing to have.





The cause-and-effect chain of human reactions and the forces of fear and greed will always render the neat mathematical %26amp; probabilistic models of Wall Street to garbage. Events do not fall as the ';experts'; always think.





While I have the majority of my invested assets in the oil and oil service area, I maintain amounts in other sectors. The only sector where I am out totally and indefinitely is the banks.
Go for it. You'll never lose.





I guess nobody gets my irony.
Just like tech stocks, real estate, tulips, beanie babies, etc. What goes up, must go down. Diversity is the key to success in investing.
king today, but not forever, is tied to the value of the dollar.
Asset allocation and diversification.





Remember when dot.com's couldn't lose.


In the 1980's GOLD went to $800. It the took 25+ years to get back to that number.


Enron (The energy future of mankind).





In short....... What you're suggesting is not investing. It's gambling...... with your life savings. Good luck with that!
Oil went through the roof as a result of the Morgan Stanley report, unemployment rate and the uncertainty that exists between Iran and Israel. Everyone is saying that oil will go up to 150 by July 4th, but keep in mind that if that causes the economy to spin too much they release the reserves which will counteract the rise in prices. Bush is an idiot and who knows when the release will occur. Railroad, coal, tech and solar will even out a portfolio if you feel the need to invest in oil.