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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (7185)	10/29/1999 2:49:00 PM
From: AurumRabosa	Read Replies (1) \| Respond to of 11051

Steve, Could you explain why you think the following? (3) no mo' mo in CL99Z - CrudeOil prices, which has been perhaps the most prominent cause of ...TYX bondz decay effects since QTR-1. What's the relationship between oil and interest rates? I think OPEC et al will keep crude between $20 and $25 for a long time. If they let it go too high it'll bring non-OPEC production and increases in E&P budgets. If they let it get too low then they'll start the old spiral again where they have to sell ever larger volumes to get the same amount of cash they need to run their socialist governments. I think the rally is a dead cat bounce in a bear market. I think the bull market has been fueled by excess liquidity and that money creation hasn't slowed yet. Lately banks have been falling all over themselves trying to loan more money. Recently Bank One found they made a mistake buying First USA Visa and they've been trying to correct it by gaining market share. Lately they've been calling offering 3% loans for 6 months or 9% for life of the loan and we'll increase you limit 50% while we're at it. And then MBNA calls and says they'll top that. I wonder where it'll all stop. Don't they know interest rates are climbing and the yield curve could very well flatten or invert within a year? I agree the Fed should increase margin requirements to stem this bubble. If they did Greenspan would be fondly remembered by bears everywhere as the Chairman of the Bubble ;-) He also wouldn't get reappointed so I doubt he'll do it.