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To: Sarmad Y. Hermiz who wrote (108138)9/8/2000 10:15:57 PM
From: GST  Respond to of 164684
 
Sarmad: "It is simply impossible to accept that there is a permanent shortage of supply in refined oil."

Sarmad, refineries could barely keep up with demand. Demand has increased. Capacity has not. Once you fall behind, which is now the case, shortages appear. You need to brush up on how markets work. Do you understand why oil rises in such huge leaps? Supply and demand my friend are not linear equations. This is the first time that refinery capacity has been the bottleneck. None of the things you are thinking are going to help one bit. And banks will not go up forever -- the whole market is in trouble -- the banks and oil companies are the end of the party - the last hurrah. Trash like AMZN will get clobbered. We are on super-thin ice -- check the tape -- it is shouting at you at 150 decibals -- "sell your stock while the selling is good you big nut".



To: Sarmad Y. Hermiz who wrote (108138)9/8/2000 10:39:07 PM
From: GST  Respond to of 164684
 
Sarmad -- I forgot to address your "foreign money" issue. Oil is about to say something about the dollar -- sell. The current account deficit could not go on forever -- we all knew that. As long as it can be "serviced", it does not matter. But it cannot be "serviced" forever. This is yet another way in which oil prices cause havoc - they interfere with servicing the current account deficit, and with a fall in the stock market -- watch out below.