I. 油价跌穿70　

Oil price plunge after Opec meeting

II. 油价短中期(5年?)不能持续低于65-75.

Oil at $75 Means Patches of Texas Shale Turn Unprofitable

Oil price fall starts to weight on banks

Plummeting oil price threatens North Sea jobs

III. 油价未来不会持续高于90-100.

U.S. Transportation fuel consumption accounts for over 70 percent of total U.S. oil consumption, and more than 65 percent of that amount is for personal vehicles.　

To wean itself from imported oil, the U.S. must create a strong electric car industry. The answer may lie in Silicon Valley.

IN BEIJING, WEATHER AND POLLUTION ARE A DEADLY COMBO

US and China strike deal on carbon cuts in push for global climate change pact

IV. Sembcorp marine

短中期可能会有反弹, 因为报纸应该会大幅报道油价暴跌,　情绪悲观. 　但这只股票不符合长期持有的条件, 因为油价长期辗转向下. 　可以静看学习.

Strait Times Index

STI components

Dog of Dow Theory (http://en.wikipedia.org/wiki/Dogs_of_the_Dow):

The Dogs of the Dow is an investment strategy with history. 　Michael B. O’Higgins suggested that one should purchase last year’s losers in the Dow Jones Industrial Average.

There are various definition of losers:

1. Highest dividend yield

2. Lowest P/E

3. The worst annual return

...

Within STI components, there are 4 losers (within both the highest yielding and worst annual return groups) :

Starhub, Keppel Corp, SIA Engineering, Sembcorp Marine