Edward Jones and Crude Oil
17 RepliesJump to last post
Does anybody know what Edward Jones prediction is for the price of crude oil going into the middle of 07?
Short-term market conditions shouldn't mean anything to long-term investors because the best time to invest is when you have money available!
Two years ago, EDJ refused to "predict" that interest rates will increase. "Gosh Mr. Investor, I don't know if rates will go up or down, but what would be wrong with making 4.5% for the next 20 years on some of your money?"
I think Jones uses crude oil to lube the new people up at KYC. They sure didn`t have a clue when I called the research dept. they said they thought it would fall back to $28 to $32 a barrel. Granted that was back in 2004. They were looking in to the future, like when hell freezes over!!!
[quote=jonesescapee]Does anybody know what Edward Jones prediction is for the price of crude oil going into the middle of 07?[/quote]
Remember this: For every long position in crude oil futures, there is also an offsetting short position. It’s a zero sum game.
Has Edward Jones shown a successful long term track record of determining what the price of crude oil will be 8 months out? If not, why would anyone care what Edward Jones thinks?
What is the point of this thread? Let me guess, you, and all of your firms have successfully called the price of crude, interest rate movements, the Gulf War, and the Red Sox winning the WS. Boy, you have some lucky clients.
[quote=Broker24]What is the point of this thread? Let me guess, you, and all of your firms have successfully called the price of crude, interest rate movements, the Gulf War, and the Red Sox winning the WS. Boy, you have some lucky clients.[/quote]
No but we do have fee based platforms and email and more than 7 mutual fund families…
[quote=Broker24]What is the point of this thread? Let me guess, you, and all of your firms have successfully called the price of crude, interest rate movements, the Gulf War, and the Red Sox winning the WS. Boy, you have some lucky clients.[/quote]
b24,
are you in your own sub-branch yet?
[quote=joedabrkr] [quote=Broker24]What is the point of this thread? Let me guess, you, and all of your firms have successfully called the price of crude, interest rate movements, the Gulf War, and the Red Sox winning the WS. Boy, you have some lucky clients.[/quote]
No but we do have fee based platforms and email and more than 7 mutual fund families....
[/quote]
Joe
"I love you man"
hey Joe who is running the Cult these days? is Doug Hill in jail yet? I'm sure the other prisoners would like him because of his wet lips............."the best sales force in the world"
ignorance is bliss!!!!!!
[quote=jonesescapee]
hey Joe who is running the Cult these days? is Doug Hill in jail yet? I’m sure the other prisoners would like him because of his wet lips…“the best sales force in the world”
ignorance is bliss!!!!!!
[/quote]Dude you're getting confused. I'm not with the cult...I'm an indy, working right in the backyard of the cult....
[quote=jonesescapee]
Joe
I know you are indy! Just thought maybe you knew were "Wet Lip Hill" is.
[/quote]Probably sitting in front of his plasma TV in a big mansion in Frontenac.....