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Originally Posted by flamesfever
We are on the same page.
I agree that the tech stocks are grossly overpriced. I believe that many investors are looking at a very short term view of the world with the pandemic, and making IMO false assumptions. Sure there will be some changes to society because of the pandemic, but human nature has not changed, and many of our old ways will return to what they were. For example we are social beings, and most will end up working together physically. Also with regards to our purchases, we will want to touch, feel, see etc. a great many of the items before we buy them. My son was at Rocky Mountain Co-p the other day and he said most of the people there were returning articles they had purchased on the internet.
As for investing in oil and gas, the stocks have been beaten up so badly that IMO they are, or will become good investments at a certain point. IMO the demand for hydrocarbons, post pandemic, will continue to increase, primarily by the demands of the Third World. Until there is some colossal discovery, hydrocarbons will continue to be the cheapest, most readily available, most dependable, and overall least damaging to the environment, form of energy we have.
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I haven’t ever met someone who gets use to online shopping and decides they want to go back to the malls!
Almost everyone I know who was forced to online shop now loves it , orders “useless crud” daily , and won’t ever step foot in a store again
Once people get use to buying clothes online and online stores have better augmented reality for clothes shopping now one will leave their houses to shop ever again