Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jbe who wrote (20922)	4/30/1998 7:12:00 PM
From: waverider	Read Replies (1) of 95453

This is a market that has tremendous strength. Do not fear. Our time will come. At risk of ticking off someone else here... Luc, I admire your guts for posting publicly your prediction of a general market nightmare this week. It almost appeared as if it was going to happen. But just when folks were beginning to panic... As of today we have the lowest inflation rate in 35 years. Labor costs came out much lower than expected. The 30 year bond rallied and had a .1%+ interest rate drop...that is a major one day change. No wonder the general market rallied. The week isn't over yet, but it appears to me that once again the market continues to do the same old thing...it is reflecting an outstanding economy and rising profit margins. Short term fears aside, we're in a bull market that continues to reward those who grit their teeth and buy when prices drop. We gave back a little today (very little). But as Ron has posted earlier, our sector appears to be in a definite uptrend. Good Luck to all, <H>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next