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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (76492)2/24/2000 11:52:00 AM
From: Tommaso  Respond to of 132070
 
As I already posted, I think, I read or heard one argument that high oil prices would do the Fed's job for them, that there would not need to be any interest rate increases, and that this was good for stocks.

I guess it would cure a gas bubble if you got shot in the stomach, too.



To: Freedom Fighter who wrote (76492)2/24/2000 2:57:00 PM
From: Ronald J. Clark  Read Replies (1) | Respond to of 132070
 
Don't think the "bulls" are buying oil companies as most are at or nearing their decade low prices even with oil at $30.00/bbl and natural gas at $2.50/MCF. Oil prices low --"buy techs"; oil prices moderate--"buy techs"--oil prices high--"buy techs". I think the later is what the bulls are saying and apparently doing.


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