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To: BigBull who wrote (53517)	10/25/1999 6:39:00 PM
From: BigBull	Respond to of 95453

Oil News: marketwatch.newsalert.com

To: BigBull who wrote (53517)	10/25/1999 6:53:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 95453

BB--I have to think that long bond yields are 'close' to peaking out for 'awhile' (maybe several months drop in yields). So, I think Financials and home building may lead, along with-I hate to say it-those absurdly valued internut stocks which price, in part, off of discount rates applied to future "earnings" streams----I am somewhat suspect of Technology in general as one wonders how much of downer early 2000 may be due to over-ordering in the latter part of 99 due to y2k stockup needs and need to turf all those 486's before year end.----I suspect that Energy will rebound to new highs but only if we first get a cleanout of the universally bullish vision out there at the moment (the closer we get to March, the more likely traders are going to increasingly worry about OPEC and nobody wants to get left holding the bag)-----When I look at CPQ's weekly chart, I shudder and see a massive head and shouder top projecting towards 12ish (if one can believe they'd ever see Compaq at 12)---S&P is heavily influenced by Financials and will likley hit a new high first--Nasdaq is heavily influenced by big cap tech and my concern is that it might very soon print a slight new high but then go down hard after that while Financials are rising.----One wonders how much lower some of these junior homebuilding stocks can now go (particularly the ones with little or no debt). If long rates come off, maybe there's a strong rebound there.