Tuesday, October 9, 2012

Oil to come down significantly

Oil is quite high as of lately but it will come down going towards $30 a barrel. Do not invest in oil related energy. High oil would and has held back the economy and it's decrease will help the economy allowing stocks to rise. The fall of oil is related to the fall of the Iran currency. There could be instability in Iran. October is not a good month to buy extra stock or metals but they will not drop as much as oil. AGNC is down more today than ARR; they are down 1.73% (11:09am) while ARR is down .39%.  AGNC had a poor quarter last quarter and ARR is due for a dividend tomorrow. In the long term stocks and metals will continue up but Oil will not go up.

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