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To: pater tenebrarum who wrote (12193)	8/18/2000 6:10:24 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

safehaven.com He talks about bozos somewhere in there.

To: pater tenebrarum who wrote (12193)	8/19/2000 10:54:17 AM
From: flatsville	Read Replies (3) \| Respond to of 436258

Oh, you're gonna luv this bit of tortured reasoning: investorplace.com Old Economy Cash Cow Revitalized By New Economy Techniques By John P. Dessauer Editor, Investor's World August 18, 2000 We think that only tech stocks are volatile. Take a look at the news on oil! All of a sudden, some OPEC members are openly worrying about a price plunge because of an oil glut. That would benefit at least one stock I'm recommending -- a company revitalized by new technology that could double within two years. Just a few weeks ago, OPEC was confident that prices would hold, and that members would live up to their production agreements. Now the talk is about an oil glut and falling prices. Truth is that there is and has been an oil glut. Fifteen years ago, when oil prices fell to $10 a barrel in 1985, that was the market reacting to the glut. Ten years ago, when the price doubled overnight, from $20 to $40 following Saddam Hussein's invasion of Kuwait, that was merely a short-term fear that supplies would be disrupted. Then, in the 1990s, OPEC engineered a production cut. But the artificial slowing of production doesn't change the facts. The oil in the ground didn't shrink and demand didn't suddenly shoot up. In fact, it is difficult for oil producers to curtail production. Once you have a well pumping, the best strategy usually is to pump at the fastest rate possible for the long-term health of the well. I know that in the past it has been dangerous for OPEC to slow production because of the costs of restarting wells that were shut or slowed. I am sure that all these practical issues have been weighing heavy in OPEC countries. Now that is coming to the public eye and oil prices are going down. Stop and think what this means. First of all, it means that all the inflation that we have seen the last 12 months or so is going away because it was connected directly or indirectly to rising oil prices. Falling oil prices will push inflation right back down. That will make it tough for the Federal Reserve to justify raising interest rates again this month. This means that gasoline prices will go back down and take some strain off consumers' pocketbooks, and heating this winter will be at a reasonable cost. Falling oil prices are one more reason to think the U.S. economy is heading for a soft landing. The reason markets fear rising short-term interest rates is because in the past that has often triggered a recession, falling corporate profits and a steep decline in stock prices. This time, things are different. Inflation is low, the U.S. economy is very strong and growth is picking up around the world. The Fed isn't going to push us into a recession. And therefore, I do not believe they will raise rates in late August. Furthermore, corporate profits and stock prices are not going to collapse. What is happening is that investors are awakening to the realities of the market. They are beginning to realize that new technologies, when embraced by so-called old-economy companies, revitalize profits at those companies. Beaten down stocks in traditional business are the best buys in today's market. I have just such a stock for you today. Here is a way for you to profit from lower oil prices, technology enhancement, and global growth, all in one old-line U.S. Dow stock with an incredible cash hoard and phenomenal new technologies: General Motors (NYSE: GM) was down to $56 at the end of July 2000, after surpassing $100 earlier this year. GM has embraced the Internet and expects the new technologies to reduce costs and allow the manufacture of cars more quickly almost so they can be custom built. General Motors is selling for less than six times this year's earnings. With gasoline prices about to come down and a soft-landing all but assured, I believe General Motors will do better than Wall Street expects. I know that the market is accustomed to thinking that you need a technology stock to make a lot of money, and there are good technology stocks out there. We own our share of them. But here is a supposedly stodgy old company that over the next 12 months could raise its dividend and double its price from the recent $55 lows. General Motors is dirt-cheap and deserves more respect from Wall Street. I think that as GM rolls out new cars and trucks with new technologies in them Wall Street will take a different view of the stock. This is a stock that can double in two years or less. Following along this theme, when the auto stocks perk up so will stocks in the whole car industry. That makes Delphi (NYSE: DPH) another very attractive investment. Management at Delphi is looking at strategic alternatives to raise the stock price. And they should succeed, because this is a very well run company that also has embraced the new technologies. Delphi is producing products for vehicles that are exciting and fully involved in the new technologies. Delphi is a BUY, too. Top global investment advisor John Dessauer's investing system has earned more than 1,039% gains over the last 18 years. Visit Investor's World for more information about his award-winning advisory service.