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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (41670)4/6/1999 2:15:00 PM
From: BigBull  Read Replies (1) of 95453
 
OT - George, you are quite correct to point out the breadth issues that are currently plagueing this market. However, I believe that the stunningly good US economic macro indicators that we saw for the last quarter stand a good possibility of adding dramatically to the earnings of small to mid-cap US companies. This may, therefore, lead to an equally dramatic reappraisal of their prospects going forward and hence a healing up of "bad breadth". It has been my experience that small to mid-caps outperform large caps during periods of robust domestic economic growth. Now that the US manufacturing sector has troughed, the earnings picture for most domestic companies has brightened considerably. Since the earnings season is now upon us we will know soon know if I am right. If I am wrong then there will be NO grey area or places to hide, this market will go straight into the toilet.

I would also not totally discount the fact that virtually all international stock markets are now in flat out full tilt boogie bull mode. It is not now just a few now, like it was only a couple of months ago. Now it's everyone, even Latin America is joining the World Wide equities party, that's got to be worth a little something, doesn't it? Bad breadth here vs Great breadth world wide. Which will be the deciding factor? Let the markets decide - they will anyway! <vbg> You know where I stand - World Wide Global Boom, the Likes of which we have never seen!
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