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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: hdrjr who wrote (51723)9/23/1999 4:01:00 PM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
If we have a bear market, oil and oil service will get trashed. Isn't there some theory that oil or base commodities are the last to rally in a bear market?

Your thinking about heading for the exits is probably going through the heads of almost everyone, to some extent. CNBS is really pushing the Dow Sell Signal theory.



To: hdrjr who wrote (51723)9/23/1999 4:13:00 PM
From: ChanceIs  Respond to of 95453
 
Not to worry about the DOW. Oil hit $24.99. The Japanese are pulling money out of the US because the Yen is rising. This will take the pressure off of Greenspan to raise rates. You also have to figure that higher oil will tend to retard growth both here and abroad. Oil up, the patch largely unchanged - this is a safe harbor, life is good.


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