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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Warpfactor who wrote (83533)1/5/2001 10:03:48 AM
From: Think4Yourself  Read Replies (1) of 95453
 
Well the market has FINALLY made the connection between California's problems and the rate cut. Didn't they find it odd that the Fed made an emergency rate cut days after Greenspan met with Governer Davis? It was so obvious. 11% of the US economy going into the crapper IS an emergency.

The rate cuts will be very good for the energy industry. The companies typically carry heavy debt loads so California's problems should directly benefit the balance sheets of producers, drillers, and OS companies.
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