Fact: Gasoline use has crested the "hill" and is slowly waning.
Fact: Petroleum companies are diverting their output to chemical production and chemical production is in an over capacity state.
Given these facts, analysts of chemical companies are warning of chemical production overcapacity which has been shown in the fundamental production numbers of the chemical companies. But nonetheless, the stock market is ignoring those warning signs and continuing to climb. That kind of blatant ignorance worries me. More and more people are jumping into stocks based solely on the "waves" of the market, while totally ignoring the fundamentals beneath the surface.
This is a recipe for disaster.
Be smart, be aware, be well-read and be successful.
“In the short run, the market is a voting machine. In the long run, it is a weighing machine.”
Benjamin Graham
