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: Think4Yourself who wrote (61631)	3/7/2000 10:28:00 AM
From: Jon Cave	Read Replies (1) of 95453

Finally, it looks like the Oil patch might be the safest place to be in 2000. Looks like we may be seeing some rotation. Most of it may be coming from other DOW stocks instead of the Nasdaq. The Drug stocks are completely screwed. All the big names are at 52 weeks lows and down hard today. Gore made some comments about national healthcare. Kind of scary. MRK now trading at a PE of 20. Not enough money to keep it up. It looks like it is coming down to the oil patch vs the Nasdaq.

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