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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Bucky Katt who wrote (28361)8/26/1998 9:36:00 AM
From: Les H  Read Replies (2) of 95453
 
Untimely is the market, not just the sector. The statistics for the broad market are that only 17.6% of stocks are up from where they were one month ago, 23.1% are positive over one quarter, and 42.9% are showing gains for one year. There won't be a sustained bull run until cyclical industries like oil and capital equipment stabilize and go higher. Hopefully, we're nearing bottom as some of the statistics are approaching 1990 lows such as only 16% of stocks above their respective 50-day moving averages and only 25% above their respective 200-day moving averages.

Unfortunately, there seems to be a plethora of news events that hold off people from making commitments: Clinton deposition, Starr report, etc...
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