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To: edward miller who wrote (66608)5/19/2000 9:58:00 AM
From: Think4Yourself  Respond to of 95453
 
Don't think OPEC is going to be suckered in this time. Last time prices promptly tanked after their decision. Besides, despite the moronic articles coming out, total stocks are on the rise. If the country goes into an interest rate induced recession then there might be too much supply out there already.

I was just looking at todays downgrade list. Oddly, none of the numerous producers I hold made the list. At least the weak hands are flushing and taking their profits.

EDIT: CNBC just reported that cash is still pouring into the funds. There is a mountain of it on the sidelines.