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Technology Stocks : Cymer (CYMI)
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To: Czechsinthemail who wrote (14951)2/23/1998 3:22:00 AM
From: Jess Beltz  Read Replies (1) of 25960
 
Baird, I see it going the other way. The economies here will benefit a little from the lower price of oil, but right now the main thing needed here is access to lines of capital, ie credit. Given that, the economies here will rebound, with that starting to happen (I estimate) around the beginning of the 3rd calendar quarter. The pick up in the economies here will in turn stimulate the demand for oil, and, coincident with the seasonal demand increase in the US, lift the price of oil. Therefore, I see the recovery of the economies here as the beginning of the return rise in the price of oil.

jess.
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