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Gold/Mining/Energy : Nuvo Research Inc

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To: Montana Wildhack who wrote (6791)2/23/2001 8:34:03 AM
From: Tom Gordon  Read Replies (1) of 14101
 
Hi David,

Do agree with Wolf, this stock will likely and unfortunately be sucked down with the others but not to the same degree.

A note that you should know, financial institutions are climbing a wall of worry over the sea of bad debt out there.
I would not want to hold any financial at the moment.
Corp and personal debt is at an all time high and banks are going to take a bath.This will have and is having a profound effect on these markets right now.This is a serious undercurrent evolving and investors should be made aware of this.
The Gov't will be asked for bailouts some where down the line. Greenspan knew this, thus the surprised one half % reduction in interest rates on Jan 3rd.

Any reduction in interest rates now will exacerbate the situation because the consumer will not be spending, but, be paying of PLC's and remortgaged debt's.

Mutual fund redemptions of RSP's are happening currently so the consumer can stave off bankruptcies.

I know the picture looks bleak, you be the judge, and just look for some indication of these signs to make you adjust your decisions accordingly.

Regards TG.
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