Does the past predict the future? Lets see what 2015 is going to bring us, I dont feel to optimistic. There is only one other time in history when the price of oil has declined by more than 50 dollars a barrel in such a short period of time. That time was back in the middle of 2008, shortly before the worst stock market crash since the Great Depression. Historical data or information maybe imperfect, but it remains the only unbiased way to measure risk and make assumptions or predict trends about the future. Lets see what happens in 2015, based on the historical event being the oil price and 2008 GFC, we will possibly witness the worst Stock Market Crash that we will ever experience in our life time.
Posted on: Wed, 31 Dec 2014 12:30:20 +0000
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