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

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To: The Ox who wrote (75345)10/2/2000 8:29:50 PM
From: Tommaso  Read Replies (1) of 95453
 
I don't know what the other three replies may have said, but I do hope that the vague uneasiness displayed by the general securities markets is not your idea of "doom and gloom."

We are still very much in the midst of a period of economic euphoria matched only briefly in the history of the human race.

True doom and gloom is when nobody dares to buy stocks at all, when the best-run companies are at P/Es of 5, and when dividends of dividend-paying companies are higher than bonds.

Oil and gas stocks are at least based on something tangible that everyone has to have--to stay warm, to cook, for transportation, to manufacture fertilizer for crops, and innumerable other purposes.
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