Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (50308)	5/23/2004 1:40:16 AM
From: energyplay	Read Replies (1) of 74559

Hi Malcolm - As the long term oil shortage becomes more obvious, large pension funds and similar entities may start to re-allocate much more to the energy sector. Energy was 13-15 % of the S&P in 1980, now it's 7-9% (don't remeber latest numbers). For example an article on Matt Simmonds observations was published in the NY Times about 2 weeks ago. In this weeks Barron's someone mentioned energy as one of 3 defensive sectors ! This huge movement might limit any decline in stock value in the next few months, even as the commodity price drops.

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