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: marc chatman who wrote (32049)	11/23/1998 4:54:00 PM
From: Crimson Ghost	Read Replies (1) of 95453

Marc: DJI could hit 10,000 soon, but maybe not. Market is as grossly overbought and overvalued as I have ever seen it Internets went wild again today with AMZN up another 37 points. But whether we make it to 10,000 in this run or not, the aftermath will not be pretty. We will see about the OSX. Looks lower to me, but Ron's talk of a possible 30% or more drop seems way overdone with the stocks already so cheap. And when these stocks are ready to move it won't make much difference what the overall market is doing. It didn't on the downside and it won't on the upside either. As Big Dog says "ITS THE OIL PRICE STUPID."

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