Three phases of the bull run and how it may apply to O & G
Why am I in O & G? Because I am expecting it is at the start the the first stage of the bull run of oil.
First Stage (Accumulation phase): Nobody wants to buy. Bad news keeps coming. But prices are stealthily creeping up. Best phase to buy as prices are very attractive.
Second Stage (Public Participation phase): Public starts buying in as good news start to come in.
Third Stage (Irrational Exuberance): The last of the investors, the retail investors come in. Only good things can happen at this point. Unfortunately, this is the last leg, and people will be caught buying at top.
First Stage (Accumulation phase): Nobody wants to buy. Bad news keeps coming. But prices are stealthily creeping up. Best phase to buy as prices are very attractive.
Second Stage (Public Participation phase): Public starts buying in as good news start to come in.
Third Stage (Irrational Exuberance): The last of the investors, the retail investors come in. Only good things can happen at this point. Unfortunately, this is the last leg, and people will be caught buying at top.
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