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: Broken_Clock who wrote (35879)	1/26/1999 7:42:00 PM
From: Crimson Ghost	Read Replies (2) of 95453

Well hope springs eternal. But if it gets to the point where the survival of friendly regimes is threatened even WJC will have to bend. Crude flat in after hours trading. Apparently the API numbers were discounted in advance. Interesting that with the Dow up 120 today and tech stocks soaring again, there were almost as many declines as advances on the NYSE. Market looks still higher short-term, but a massive bear should begin by April. Not a 6 week 20% drop. No, a 6 months 30-40% drop looms with a final selling climax next October. And the bull that follows that bear will be lead by oil and commodity related stocks IMHO.

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