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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (43400)9/9/1999 10:01:00 PM
From: Tom M  Read Replies (1) of 94695
 
Hi Bill - been a while. Was just pointing out that oil observation today, and that we had a 15 year low (I think that's the number) only several months back. I did pick up some drillers below book value though - still crazily watching fundamentals ;-)

Thought of you when I noticed the following in Barron's last week:

DJ Ind Avg year ago: 7640.25, book value 1594.14
DJ Ind Avg last week: 11078.45, book value 1691.68

Book value up 6%, but the street can't live on that so the index is up 45%.

bad smells :-),
Tom
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