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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Douglas V. Fant who wrote (78499)11/10/2000 2:00:06 PM
From: isopatch  Read Replies (1) of 95453
 
Doug. Reminds me of an inside out version of 1974.

After the 1st oil shock, in 73' people began to focus on the enormous LT patch boom which did last into the early 1980s. But that boom wasn't continuous. It occurred in waves. The first interruption was the nasty Bear Market and Recession of 1974. The uncertainties of the Watergate Impeachment crisis and the early exit of a President exacerbated what otherwise would have probably been a less severe bear market in 74.

IMHO the present won't be a repeat of 1974, BWDIK<g>. The parallels to 73-4 are striking. And along with a few others on this thread my expectation is that there will be "a distinct pause" in this LT boom in the patch, next year. End of the 1st major up wave in the larger LT boom cycle which has much further to go.

This time it's not the political crisis and market uncertainty leading up to the exit of a sitting Prez, but the market uncertainty derived from a political crisis that may lead the very late arrival of a Prez. elect. And the effect could also be similar the 74' political mess. Making a mild bear market and economic slowdown more significant.

It's always unfortunate to watch you country torn asunder by these kinds of events. But, I voted and at this point don't see much I can do about the escalating level of political conflict.

Fortunately, we can all be thankful that we live in a country where we do have decision making power to do something with our investments under such conditions. And yes. Am convinced they're some superb opportunities directly ahead for those ready to take advantage of them.

Appreciate your focused and insightful posts, Doug. Please keep em coming. TIA.

Best

Iso
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