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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Lucretius who wrote (33643)	11/18/1999 8:46:00 AM
From: Lee Lichterman III	Read Replies (3) of 99985

The Fed will not let this bubble pop. Just close your eyes and buy! 11/18 7:01 Crude Oil Falls on U.S. Proposal to Allow the Sale of Strategic Reserves By Julie Crust and Dudley White Crude Oil Falls After U.S. Mulls Selling Supplies From Reserves London, Nov. 18 (Bloomberg) -- Crude oil fell after the U.S. introduced legislation to allow the sale of supplies from its emergency reserve in an effort to stall a rise in gasoline and heating fuel prices. Two U.S. senators yesterday introduced a proposal that would authorize the sale of oil held underground, inventories that are enough to meet two months of the nation's imports. The threat of a sale, even of a minimal amount, signals growing concern that oil prices have risen too much, traders said. quote.bloomberg.com. Good Luck, Lee

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