I can’t stand the Kardashians. Apparently, I’m not alone… Americans love to hate the Kardashians.
But how bad is “being hated”?
[ad#Google Adsense 336×280-IA]Think about it… you probably can’t stand the Kardashians, either. But you still know who they are.
Somehow, Keeping Up With the Kardashians – the “reality” show that chronicles the fatuous existence of Kim Kardashian and her family – is still on television… and somehow, they’re still making lots of money.
“Being hated” doesn’t sound that bad.
So… what could be worse for the Kardashians than being hated?
How about being out of the news altogether…
No more TV shows, no more paparazzi, no more endorsements… NO MORE MONEY. That would be the real bottom for the Kardashians. That’s worse than being hated.
Surprisingly, the same goes for investing opportunities… You might think that your investment has hit rock bottom if every headline you see is shouting about how terrible it is. But believe it or not, there IS something even worse than being hated… and when you see it, you know it’s time to get serious…
When I find an asset that is worse than hated, I get excited. I know our upside is even greater than usual.
The truly optimal time to buy is when a hated investment has been out of the news for a long time. And then – when nobody is talking about it anymore – it quietly starts an uptrend. That’s when the biggest percentage gains can happen. That’s the setup we want to see.
This is the situation we have in the oil market today…
The price of oil fell from $100 a barrel to $50 over the second half of 2014. Now, you might think that a 50% fall in six months would mean that oil was hated – and that it might be time to buy.
But – like Kim Kardashian – oil was still all over the television at the time.
The price of oil had crashed – but oil had not yet fallen out of the headlines. Far from it. So what happened next?
Those who bet on the price of oil rising in 2015 got hammered…
The price of oil fell by another 30% in 2015. Oil bottomed out in the $20-per-barrel range earlier this year.
Ah, but what’s this? It appears – with very little fanfare from the media – that the major decline in oil prices is behind us…
That was the big news in my high-priced True Wealth Systems newsletter earlier this month.
We saw new “buy” signals for oil prices in both of the tracking systems we use. That’s the first time oil has been in “double-bull mode” since 2014.
In short, right now could be the beginning of a major rally in oil prices, based on my True Wealth Systems computers.
My TWS computers spotted this opportunity that, honestly, I would have missed on my own… Oil prices were not on my radar. And they have been completely out of the news.
But remember, the only thing worse than being hated is being forgotten.
That’s what has been happening in the oil market today. And it’s a major reason why I believe oil prices could move much higher from here.
Good investing,
Steve
[ad#stansberry-ps]
Source: Daily Wealth