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: Crimson Ghost who wrote (30915)	10/19/1998 10:49:00 PM
From: Broken_Clock	Read Replies (1) of 95453

I think so, George. SII, ESV and the GLM news all point to deteriorating fundamentals near term(2-3 quaters out). Dogged One has a straight scoop to the inside boys. I'm thinking of some HAL puts for the near term. Thw VIX indicator is sliding towards the bullish complacency readings and that usually means a correction is ahead. It closed about 31 today but had been in the 40s recently. It hit 16+ on July 20. JPM notched a 3 point gain today despite missing earnings badly. Irrational exuberance?

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