Australian Investment Blog

Further evidence that we may see a bounce in Oil & Iron Ore stocks

Rarely in the 28 years since I entered the financial markets have I seen more negativity directed into two specific sectors than Oil and Iron Ore. However, I believe we are actually in the middle of good countertrend rallies in some of these stocks over coming weeks. When all analysts are talking the same story, especially after being incredibly wrong for the last year, it’s time to consider the alternative view again. I often refer to classic Warren Buffett quotes, but this again seems an optimum time.

• “We simply attempt to be fearful when others are greedy and greedy when others are fearful”. –Warren Buffett.