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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: SJS who wrote (25927)7/17/1998 11:47:00 AM
From: Zantac  Read Replies (1) of 95453
 
<Just because Morgan is reported to be calling the bottom doesn't mean sqwat. Houses have been beating the drum on both sides of this for a while now.>

Exactly, I doubt that we will see a bottom while everybody is talking about $17 a barrel oil. There is too much wishful thinking going on. A true bottom will come when everyone is predicting that $13 a barrel oil will be around for years to come. Bottoms are filled with pessimism.
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