Quote:
Originally Posted by neech
Good question, my financial guy advised me to stay away from gas and oil stocks with the new administration yet I see them going up so I don't understand it myself.
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My current working investing theory is that herd immunity, vaccines and summer are going to converge - causing covid to effectively disappear quicker than most expect.
This will result in a euphoric period where people travel (DAL), go on cruises (RCL, CCL - cruise people are like a cult), go to movies (CNK, did have AMC until I woke up last Wed. and it was 8x what I paid), and go driving all over (BP, XOM, COP). Also the Saudis and Russians are going to be trying really hard to make up losses - and I have a feeling game the price of oil up as much as possible for at least a little while.
All those stocks are still below well their pre-covid highs in Feb. Once they get close to those highs I'll consider selling. Then I'm just going back to mostly index funds and forget it for a while.