To try to get a little positivity out of the situation, anyone else looking to buy oil ETF's like UCO? If you believe that oil will eventually bounce back, and considering where prices are not, it might not be a bad thing to throw a little money at.
Im not a hardcore investor by any means, and I do think world is slowly moving away from oil for the long-term, but it just seems silly to think it won’t go up again at some point, even if not to previous levels. I will always remember in 2008, living in the middle of the American stock market/economic meltdown, everyone was freaking out, and it feeling like the end of the world. In retrospect it was an amazing buying opportunity for those who could wait it out. Perhaps it is here too.
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