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Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.

Along the way, Tony shared some pretty important snippets of investing wisdom…

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    Ignore the Doom-and-Gloom Crowd When They Talk About $40 Oil

    I just returned from a week down South with a few of my energy clients. It's good to get my hands dirty and remind myself firsthand what is going on at the project level of some of the country's top energy companies.

    But when I returned home this weekend, I made the mistake of flicking on the television and opening the newspaper.
    I can't believe that the pundits are now predicting that oil will fall to $40 a barrel. They also are projecting that the entire natural gas sector is going to collapse.

    Here we go again.

    Yes, we are wrestling with an energy sector that remains gun shy on elements from market volatility to geopolitical tensions.
    And sure, $40 a barrel is possible, but only in an improbable situation where global demand for oil completely collapses, along with the world economy.

    But we are in a new reality. And such doom and gloom predictions are highly oversimplified and potentially dangerous to you as an investor.

    Here's why.


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  • oil historical oil prices