Strictly: Drilling and oil-field services Message Board

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

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To: SliderOnTheBlack who wrote (81691)	12/14/2000 11:45:34 AM
From: ItsAllCyclical	Read Replies (1) of 95453

theSteet.com - OSX rally will fail NT due to lack of volume thestreet.com I've become quite cautious again as well - not that I haven't been since the OSX first broke 110, but hey the Nasdaq can't even hold above 3000 with a Bush victory. That says it all. Since everyone expects Greenspan to go to neutral I can't expect much of a rally there either, but it could be ST catalyst to maybe rally back above 3000 (briefly). I used today to increase my gold exposure as well. Now up to 35%. Completed my position in HGMCY. Over 50% cash still. Looks to me the Nasdaq is going sub 2500 within the next month or at the very least it'll retest recent lows. 207.61.23.98 JPM and CMB warned today, but not about credit quality. They said capital markets were drying up. Had they hinted about poor credit quality I think you'd see the DOW down closer to 3%+. It's only a matter of time though with the slowing economy, depressed asset prices (stocks) and high energy bills that the credit quality issue hits the fan. Tried to short SII today, but my broker said no shares were available.

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