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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (27342)2/28/2005 9:10:18 AM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
an excellent and timely article from Wulff: "Wall of Worry"
mcdep.com

Summary and Recommendation
As more investors seem interested in buy-rated energy stocks, we reconsider the potential
worries. World growth may stop, a large new supply of cheap, clean energy may be
discovered, the dollar may become good as gold, inflation may end, environmental
controls may end or the world may send more troops to the Middle East. Those worries,
deliberately overstated by us, touch on the major economic, monetary, environmental and
security factors that influence the outlook for energy investment. Weighing the positives
and negatives every day in the futures market, commodity investors conclude
increasingly that the average price of oil for the next six years will be higher than
previously expected. Similarly we expect stock market investors to conclude
increasingly that stock prices for recommended natural gas and oil producers should be
higher than previously quoted.
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