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Non-Tech : Invest / LTD
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To: waverider who wrote (2568)9/4/1998 9:40:00 PM
From: Alias Shrugged  Read Replies (1) of 14427
 
Alright, Diamond.. You're starting to freak us out, here. Get ahold of yourself!! <G>.

Drillers. I still have some small positions. Stocks that are basing will have little rallies as they bounce on the bottom (or before dropping further!). A few thoughts: (1) since they are tied to oil prices, they have huge volatility and you could miss the early stages of a run; however; (2) if we moved towards worldwide recession/depression, oil consumption should surely drop unless the US currency is seriously devalued vis a vis most other currencies (we already are guessing that the dollar will drop against gold regardless of its relative performance against other currencies); (3) lastly, if the US market does the LT thing, drillers will probably get whacked too.

Mike
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