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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Haim R. Branisteanu who wrote (41842)	3/1/2000 10:25:00 AM
From: edward miller	Read Replies (1) of 99985

Associating events without considering the context is very flawed reasoning. The Kosovo War occurred when OPEC had flooded the world with oil, and prices reflected that. The oil cuts, which finally have brought an end to the hype that the world is awash in oil, were not enough AT THAT TIME to allow the warring efforts to move the price. That is because there was plenty of oil, and it was cheap. The SE Asia recovery is happening at the same time that the production cuts are starting to have an impact. That is the key difference. You are both right in a way, because both take a lot of energy. However, Haim, your post indicates to me that you truly do not understand how much oil is consumed in a war, or just war maneuvers.

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