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To: Crimson Ghost who wrote (56882)	12/14/1999 4:11:00 PM
From: BigBull	Read Replies (2) \| Respond to of 95453

George - "Unless the market breaks badly near the close, we will soon see new highs in the NASDAQ." Does this qualify as "Bad New IS Bad News"? finance.yahoo.com^IXIC&d=t Could the "Great and Terrible Day of The Lord" be at hand for the Great Whore of Technalonia? Signs, portents, you will hear of wars and rumors of wars, and still shall the end not come. But INTEREST RATES - They are the Wrath Of God. ding ding ding - the bell is ringing.

To: Crimson Ghost who wrote (56882)	12/14/1999 4:44:00 PM
From: Jacob Snyder	Respond to of 95453

George: re: "a Y2K induced recession next year". Greenspan, and a bunch of big hitech companies, have said in the last few months that Y2K will be a nonevent. I figure they are in the best position to know. In anticipation of wilting tulips, caused by a rain of rate hikes, the choices are: 1. hold cash 2. hedge with index puts 3. rotate into already-hammered sectors (oil service, mobile home builders, BSX (medical equipment) are my choices). Breaking above 6.4% (the previous high) will start the slide. Long bond at 8% would definitely kill the bull.

To: Crimson Ghost who wrote (56882)	12/14/1999 11:12:00 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 95453

GeorgeCole; lets see if the market ignores SLB's coming bad news ? These API's were "hammers" - but, those hammers were and will continue to be a given. We HAVE crossed the "point of no return" here - and OPEC is caught in a catch -22. Ease, or raise production and get $16-18 crude immediately; maintain cuts - bring the world to its knees, reap $30 crude and then bring back the trial balloon that they floated on Price Bands - allowing the futures traders a "reason" to softly led crude land in the $21-23 range that pleases everyone. SLB is having analysts cut their earnings estimates and is "pre-announcing" they won't make the number, but will merely be flat qtr, over qtr. First HAL, then BHI, now SLB... George Cole; as you pointed out - the OSX will REALLY have turned the corner when it ignores bad news. Well George; old SLB has some bad news & those API storage #'s are the "call" in this poker game. Lets see what the Street does. Run scared because of SLB's news - or look to the "numbers & the fundamentals" of the API storage #'s which virtually guarantee the sustainability of crude prices here. Add to that all the Cap Ex spending increases allready announced in this still "wall of sustainability worry" - and one has to buy into what SLB may provide as the FINAL blow off "if" seen. Get your wallets out boys & saddle up...