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: isopatch who wrote (85827)	2/1/2001 5:13:49 PM
From: BigBull	Read Replies (2) of 95453

Iso, I wonder if the latest food fight will make KB's stocks go up? ;o} Item #3 is most important - imo. 1. biz.yahoo.com ``This has confirmed the feeling that the manufacturing sector is in recession. It confirms the impression that the manufacturing is in freefall,'' said Anthony Karydakis, senior financial economist at Banc One Capital Markets in Chicago. 2. cnnfn.cnn.com NEW YORK (CNNfn) - General Electric Co. is set to cut about 75,000 jobs over the next two years, Business Week magazine reported Thursday, citing Wall Street sources and people close to the company. 3. siliconinvestor.com The last bit of today's news that is germane to the speculative environment and figuring out what comes next is from Investors Intelligence, which reported this morning that bulls were back up to 61 percent. That is near a 5-year high and about the same level of bullishness before last spring's crack and bearish sentiment is down to about 30 percent. As if it wasn't obvious by looking at the stock market action, those sentiment figures tell you what the majority believes. If item 3 doesn't sober anybody up - nothing will - except losing money. ;o) Imo the current IEA - EAI - DOE etc etc energy demand numbers for '01 are complete dreamland. Just wait until Asian industrial exports plunge. Imo that is imminent.

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