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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (5730)	3/18/2001 3:31:05 PM
From: Bill Harmond	Read Replies (2) of 57684

I think we get 50 basis points this week. I don't think the OPEC cuts this week are meaningful for the stock market. My investment assumption is that OPEC's intent is keeping oil stable around $25. Inventories are being replenished and heating season is nearly over. Crude actually declined in price this week. After falling earlier in the week, crude oil firmed Friday on news OPEC agreed to cut output by more than the 1 million barrels the market had anticipated. Nymex crude closed at $26.74 a barrel, off $1.27 on the week. Commodities Corner, Barron's, March 19, 2001

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