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

To: Wowzer who wrote (60837)	2/24/2000 11:19:00 AM
From: Think4Yourself	Respond to of 95453

What is driving MRO and all the rest down is the fact that oil is trading at $18 now, just like all the ANALysts said it would. ;o) Seriously though, the market is crazy. Looks like we are going to see March 99 levels on many stocks, even though the companies are MUCH stronger now, and even though the fundamentals are MUCH better going forward (NG 50% higher, oil 300% higher). It doesn't matter because the market is irrational. The fund managers aren't playing with their money. It's the retirement money of folks like me. Well, not me because I wouldn't bet my retirement lifestyle on those guys. The only thing propping up the techs is the massive inflow of cash from 401K's and Roth IRA's each week (but I admit it's a POWERFUL thing). It's a Japanese style crash in the making, quite literally.