Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Lucretius who wrote (17776)	4/2/1998 10:32:00 PM
From: davep	Read Replies (1) of 95453

LT,osx won't get clobbered like most of these duds.One thing this market has done with the greatest predictability is climb the wall of worry.Fundamentals are bad,first call revising downward year over year earnings increases from 10.5% to just 0.7%.This weeks bad earnings reports/warnings and the worst quarter since 91 make this week seem all the more nuts.Another troubling thing dell,intc,msft etc aren't having big days instead its the worthless stuff like amzn,yhoo that are providing the fireworks.I got out the hell out of the market 400pts ago to avoid the earnings debacle.The bull/bear sentiment indicator has called all market tops and bottoms,love to see those numbers-anyone seen them in last weeks Barron's?The market is way overbought(remember next week there won't be any end of quarter window dressing/buying by the funds)and losing its fundamentals fast with lots of bullishness!That article is right on,the market players are saying earnings don't mean a damn pretty scary but then again this market ain't worried.Dow 10K!

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