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HOLD
Is the petro Canada station down the street going to be there for the foreseeable future? Of course. This stock is going back to $30 or $40 eventually but this is not the time to get into speculative names. There are going to be a lot of bankruptcies and this is the name that will buy them out at a huge discount.
integrated oils
DON'T BUY
Some of these leveraging ETFs can work for you if you get a change of direction but you have to be a surgeon in terms of using them. We are eventually going to get a rally of 10% for a day or two. But the day to day volatility can significantly erode the performance of these leveraged ETFs.
E.T.F.'s
WATCH
There has been a lot of liquidation in risk parity funds that use gold as an asset class. We are moving into a world where governments are just going to print money. At some point it will cause some inflation and cause gold to skyrocket. He sees $1900 in gold at some point. Gold equities are one of the cheapest asset classes on the planet for the next couple of years. Gold won't be the first to recover, though.
E.T.F.'s
Market. He showed a chart that was pre-empted on Monday's educational segment of Berman's Call. Vix readings are same as the extremes in 2008 following the Leman bankruptcy. The Vix stayed elevated for months and months until March of 2009. He would encourage people to understand the VIX and north of 40 is indicates too much volatility to catch falling knives. He then outlined money falling into money market funds. At some point we are going to get a phenomenal rally. People ask where the bottom is but we need to see the VIX below 40. It is 75-80 recently. He was aggressively buying with the S&P at these levels at Christmas of 2018 but now he is not.