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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: megazoo who wrote (1252)8/18/1997 11:42:00 PM
From: Investor2   of 42834
 
RE: "isn't it true that in the early to mid 70's the oil-stocks were outdistancing every thing else in the stock market."

That could be true, since the price of oil sky-rocketed due to the oil embargo (if I remember correctly).

RE: "With such a positive outlook for oil and, in particular, oil-drilling companies, why not take a hard look at them."

An oil shortage may or may not be the cause of the next bear. What makes you think that there is "such a positive outlook for oil"?

RE: " a long bull market for these participants just started in early 1996."

Only time will tell how long the oil bull market will be. How do you know it will be long? I'm not doubting your statement, just wondering about your reasoning.

Best wishes,

I2
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