Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (53102)	10/15/1999 8:17:00 PM
From: SliderOnTheBlack	Read Replies (3) of 95453

George C; I think we are on the same page... You may be looking for a lower base than I am in the DOW; unless you really see a real Bear market starting? I do not see this as a continued Bear market however; allthough I am not dismissing the chance, just see it as a minimized risk here. But; we do agree I believe; that the Oilpatch/Energy sector will reap tremendous sector rotation here shortly. Where I do like the financials; is they have really been beaten down - but, they should be and allways are in these circumstances. I look to the historic valuations in small & mid cap Savings & Loan stocks as a barometer to where the market is. Another 10% and they are below historic levels where they turn up strongly. So maybe - imho; DOW 9000 is the bottom in a worst case scenario ? Actually I think we find strong support here shortly - but; would not dismiss the realistic possibility of another 10% here. But, I see no sustained Bear... If OPEC justs holds the line = NIRVANNA. If the bottom falls out - you're going to really have to be fast to beat me to Gold Stocks... good luck

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