Because of the recession of 1980, crude oil declined close to 63% in 66 months. In the recent recession crude suffered the same percent loss but in just 7 months (click on graph to enlarge).
This kind of debacle suggests crude may be much closer to the bottom than the top. The main issue is whether crude is able to rise during a severe global recession. Time will tell.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
George Dagnino, PhD
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