Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Charles Macdonald who wrote (1951)	9/20/2001 9:38:45 PM
From: Frank Pembleton	Read Replies (2) of 36161

Charles, I'm wondering as you put it -- "fire in the theater" -- if investors are stunned? I'm not seeing any panic whatsoever; I mean there isn't a day that goes by that somewhere in the world a market hasn't finished down 3% BTW: I'm only 38 with a couple of years of investing experience -- but 3% moves throughout the day (up or down) on a daily basis couldn't be normal right? The markets are falling as they should, but I really do think the crowd has been normalized by the daily fluctuations. It seems to me the buy and hold crowd expect the 3% moves to turn positive after a weekend of fly-by bombings. Here’s a thought, what if the terrorist erase the Saudi from Arabia? They are a business partner to the U.S. – and $100 oil could very well happen counter-intel fails. The second largest oil exporter to the U.S. is Alberta (after Arabia), isn't much left in conventional crude, but we got lots of oily sand. I'm thinking the panic will set-in once they realise that this war is not going to end quickly. Got Gold? Got Tarsands? How about: Got Iron? Got Copper? Got Aluminum? I'm also thinking base-metals might become in vogue in a prolonged campaign. Regards Frank P.

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