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Strategies & Market Trends : Paint The Table
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To: Jorj X Mckie who wrote (8098)1/3/2002 2:22:06 AM
From: Junkyardawg  Read Replies (1) of 23786
 
Oil? As long as they don't let oil get out of hand again I think it is a "non-factor". Oil of course cost every company money in one form or another. I think the world can live with the oil at current prices but I do not believe they will tolerate it over $25 a barrel again. I also don't think the "head-rags" have enough clout now to keep their monopoly, at least as strong as it was. Russia is already pulling away at least starting to pull away form the norm and I think more countries will follow. OPEC is a bunch of criminals that started this world wide recession and I think the world is finally waking up to it. Simply put, under $25 a barrel and I say we are ok, over that and we start getting in trouble again.
Keep in mind we don't have the ENE's now to rob the American people, that of course is another story.

As far as earnings go, I think most companies have made their forcast so low that they could meet current estimates easily. Of course we may be in for one more bad earnings, which I expect. I also think the market has looked past this already. We may start seeing companies beat earnings and maybe beat them by a wide margin (no way to know that of course).

Anyway, I am a bull for now but that can change quickly. As good as the Nasdaq looked today I wanted it to take out 1982 and that didn't happen. Looks like the bio's are now taking the market down. I think we may be seeing the start of a rotation there. Out of Bio's into Semi's. Thats what I have been waiting for.....
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