Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (16232)	9/6/2000 12:01:23 PM
From: Gary M. Reed	Read Replies (1) of 436258

Thanks for correcting me, it was indeed DAK who was buying a basket of Canadian producers. When I hear the spin=meisters poo-poo oil prices by saying, "yeah, the Saudis will just open the spigots and we'll have $20 oil again," I am always reminded of Fleck's prescient comment that any excess the Saudis could pump is not gasoline-grade anyways (too sour) and wouldn't have much of an effect on oil prices at all. The clown firms will continue to downplay oil prices, as it is the one wildcard that could wreak havoc in their techstock certs printing press profit center. Most of the clowns at the helm of these funds weren't even born in the '73-'74 oil crisis and weren't old enough to drive when energy was going bonkers in the late 70's/early 80's. To me, it's deja vu all over again...my freshman year at LSU (1981--height of the energy boom), no one cared about their grades or going to class because as long as you graduated with a 2.0 GPA, you were a lock to get hired by TX, XON, etc. By my senior year, everyone had found "GPA religion" as the boom was over. I would bet that cycle will repeat itself in Silicon Valley over the next few years. Gary

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