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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: isopatch who wrote (73832)9/20/2000 9:02:53 AM
From: Tommaso  Read Replies (2) of 95453
 
"By the time it's clear fundamentals have changed the move is over."

That was my point. I don't think the fundamentals have changed yet, esepcially not with natural gas, and I think that the energy stocks are still being viewed with caution because of the oilpatch disaster of the eighties followed by what happened two years ago. I think energy stocks are somewhat in the position of the general stock market of about 1950, when investors continued for another ten years and more fearing a return to the 1930s.

But we will see.
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