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Politics : Idea Of The Day

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To: Bo surfs who wrote (13389)	11/2/1997 2:04:00 AM
From: AlienTech	Read Replies (2) of 50167

>>What effect will this upcoming Iraq crisis have on the market? Should we stay away from certain sectors? << IRAQ has nothing whatsoever to do with oil prices. They dont even export enough to feed themselves. Ofcourse this does not mean that the speculators are going to not use it to cause a little more fear in the market. If Saudi Arabia had said something there is more credibility and the US imports more oil from venesvala than even saudi arabia, and they want to increase that even more. Even great britian sells a lot of oil. So if you see the sector getting hit it would be a good time to average down or find an entry point. Amazing that some 2 bit dictator in a mud hut can make the US stock market collapse.. Stranger things have been known to happen though.

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