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

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To: isopatch who wrote (81281)12/11/2000 10:42:26 AM
From: ItsAllCyclical  Read Replies (1) of 95453
 
Asia likely to be hurt by slowing US economy (bloomberg)

quote.bloomberg.com

Add in high energy prices, slowing stock market and reduced consumer spending (which is 1/2 of our economy) and you have a recipe an ugly 2001. Maybe the pundits will fool the public long enough to invest in bulk again, but the risk/reward just ain't there yet.

Back in '98 there were signs that Asia was having obvious problems 6-12 months before it really had an effect on the stock market. The market seems to be in denial yet again about the state of world markets.
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