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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (96795)4/20/2001 10:45:50 AM
From: marginmike  Read Replies (2) of 436258
 
I am buying Oil stocks here. They are very reasonably valued and will play out nicely in a re-inflated growth, with much less downside then TECH. I nibled on the XLE and a litle RD. I am also looking at AOG. I think the fed will re-inflate here and Oil prices will only go up because of the recession that isnt coming. If the Naz goes up and stays up in the 2500-3000 that is all it will take to forstall a recesion. I still think we get one, but not for atleast 1-2 years when Inflation re-spirts and Fed has no choice but to unravel the buble.
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