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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Wowzer who wrote (4274)9/19/2001 8:54:02 AM
From: BigBull  Read Replies (1) of 206099
 
Rory, sorry to take so long to get back to you. Imo the reason these stocks are going down is that investors expect the world economy - especially the US to plummet, and with it oil demand. Planes aren't flying and vacations/business trips are being cancelled by the bushel. I hear airline traffic represents 10% of GDP. Airline traffic went to "groound zero" for two full days and the return to it has been utterly tepid. The massive amount of airline layoffs will probably send consumer confidence crashing through the floor.

Well I hope the Saudi doods who financed OBL are happy now! <g> He's killing off all their very best customers. :o{

The switch from airline travel might help gasoline demand in the VERY short term. But plummeting consumer confidence will killlllllllll it dead. Everybody raise their hands who is in the mood for a vacation.
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