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: Roebear who wrote (53837)	11/1/1999 7:22:00 PM
From: BigBull	Read Replies (2) of 95453

Hi Roebear, Well shuckums, I hope Hell freezes over this winter! <g> Imo economic activity is the key. Lets say the US averages 3 - 4% GDP next year, Asia 4-5%, Europe 3%, and Latam 2%. Being conservative here. You're looking at a 8% increase in demand while OPEC cuts 5% (allowing for 'cheating'), thats a 13% decline in world stocks, imo enough to keep oil in the twenties - verrry good for OSX. Have you noticed the absolutely HELLACIOUS rally in financial stocks? Here's two examples: finance.yahoo.com This is incredibly bullish for the US long boom to continue. I suspect it is the same with financials all over the world. The stocks are very extended. I'm looking for some kind selloff/consolidation which may have started today. That money will be looking for another trade. Oils? OSX? The bottom is looking better and better. OSX 80, and I'll stick MY fork in it. <g> We'll see.

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