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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Swede who wrote (14646)3/12/1998 5:13:00 PM
From: JGreg  Read Replies (1) of 95453
 
No one has mentioned today the fellow from Merrill Lynch saying this morning on CNBC that he thought late spring would be a time of correction and that the traditional "defensive" areas would not prove to be so defensive. He said he thought the oil service sector offered better defense because it "appears to be bottoming out." Perhaps not many really trust anything that ML says anymore, but it was a confirmation of what several have been saying here about bottoms being reached and funds beginning to buy again and.
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