"Be fearful when others are greedy, and be greedy when others are fearful."
"I haven't the faintest idea as to whether stocks will be higher or lower a month – or a year – from now," he continued. "What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up."
"Aggressive capex cuts in the oil industry right now will lead to lower supply in 2015 and 2016, increasing demand and pushing up prices," Brian says. "Plus, there might be a positive seasonal trading session over the next few weeks, with a possible laggard rebound in January."
"According to EIA [US Energy Information Administration] data, consumption of crude oil during the latest 12 months was 6.9 billion barrels. So the price drop from $107/barrel at the June 2014 high to $59 today represents a total presumptive savings of $332 billion per year."
"The timeline of the collapse of the Soviet Union can be traced to September 13, 1985...The Saudis stopped protecting oil prices, and Saudi Arabia quickly regained its share in the world market. During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed by approximately the same amount in real terms."As a result, the Soviet Union lost approximately $20 billion per year, money without which the country simply could not survive."