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 (42219)	4/15/1999 8:58:00 AM
From: BigBull	Read Replies (1) of 95453

Ah yes, Marc, THE LAST GREAT FEAR, for investing in the Patch. The OPEC and Asia Great Fears are now rapidly falling by the wayside with each passing day. In May the OPEC great Fear will be put to bed for a long and well deserved rest. With every new astonishingly bullish economic stat coming out of Asia and soon to be coming out of Latam and Europe, that great fear is administered yet another powerful shot of valium. So what is left to Fear? You got it, you nailed it! US recession induced by market crash. It may surprise you to hear that I too believe that one horrendous bear market is in store for this market. Were I tend to disagree is in the timing of that event. THE top will not occur for another 5 years. It will not occur until the current spending wave of 70 million baby boomers is done. That should occur until around 2005.

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