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

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To: upanddown who wrote (62124)3/14/2000 2:38:00 PM
From: ItsAllCyclical  Read Replies (2) of 95453
 
OT - Coming correction in techs...

>> It just makes me more convinced than ever that there is a huge shakeout coming in tech and it doesn't have to be accompanied by non-tech falling apart since that sector is
already within its historical range of reasonable value. <<

I agree, but when these mostly tech investors get margin calls they'll be indiscriminately selling their non-tech holdings to cover margin calls. Of course we've been seeing that selling for some time as non-techs have been used as firewood to fuel the tech boom. It'll be interesting to see how bulletproof value stocks are and the oil patch. Of course E&P's are both.
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