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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (32257)11/30/1998 2:09:00 PM
From: marc chatman  Read Replies (3) of 95453
 
Slider and all:

It's 70 degrees today in Rochester, NY. We usually have a couple feet of snow by now.

This is a fact, not a theory or emotion. Interpret it as you will, but the furnaces have not been burning here. And if I'm a portfolio manager in NYC, taking a walk in the sunshine during lunch time, I'm thinking that the last thing I'm going to buy into is a company praying for a cold winter. Maybe it will snow tomorrow; I don't know. But I know it sure isn't snowing today.

If I were the only person in a mall during holiday season, I wouldn't buy retailers, no matter how low they had gone. why should this be any different?
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