Dear Reader,
The US stock markets wobbled this week. It is interesting whether this would be a start of a correction. The tech stock IPO party seems in full swing. Companies are valued billions and they are making losses... I am of the opinion this would not continue indefinitely.
Oil, on the other hand, seems oversold. If you are willing to hold oil stocks for 1-2 years they seem a good value play, at least the majors. If the shale companies survive, entering at the current levels would bring multiples of the initial investment.
Disclaimer: This article is provided solely for informational purposes, and does not constitute an offer or solicitation to buy or sell any securities. The opinions expressed in the blogpost are the author's and they in no way express the opinion or official position of Bulgarian National Bank!
Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost!
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