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To: John Doyle who wrote (49182)8/11/1999 10:17:00 AM
From: Douglas V. Fant  Read Replies (1) | Respond to of 95453
 
John, Natural gas prices up 11 days in a row- not bad...



To: John Doyle who wrote (49182)8/11/1999 10:31:00 AM
From: Jon Cave  Respond to of 95453
 
OT - economy

"Look at auto sales"

You will notice that in the past several weeks most auto makers are offering large rebates. I got a flyer from GM and just about every vehicle had at least a $1000 rebate with others having a $4000 rebate.

I would think that auto sales are slowing with the discounts going up. Just my two cents. But, I agree that inflation could be a problem with tight labor and riseing wages. Still long lots of NG stocks. #1 sector. Hurricane season is about to pick up steam and could further add to the shortage.



To: John Doyle who wrote (49182)8/11/1999 10:54:00 AM
From: Wowzer  Read Replies (1) | Respond to of 95453
 
I think we are going to have a tough 6 months in the market, primarily in the techs and internets. However it is not because I believe business in these companies will be bad, just not at the Hyper growth many investors are betting on. The US economy is still very strong and could use a breather. Here in PHX I see help wanted adds at MCD's for $7.50 an hour starting and they still can't find anybody!! Simply amazing to me.

I currently believe the Fed most likely will raise rates a couple of more times to slow this economy down to combat raising wage pressures. But as long as the economy continues to hum along with just a little inflation, plus with the continued improvement in other economies, bodes very well for oil and natural gas. Actually I few inflation as a positive for oil, the same way people view gold.

Furthermore, if techs continue to stumble and inflation fears pick up, I think money will continue to rotate into this sector as well as gold. Even though I still think gold is a loser, sorry George :-). However, if we go into a recession all bets are off. However I do not believe this will happened, especially with election 2000 on the horizon.

Long and Strong the OSX,

Rory