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To: GST who wrote (108144)	9/8/2000 10:26:31 PM
From: Alomex	Respond to of 164684

who would have thought that the "new economy" would fall victim to oil? This was about to happen when the asian crisis hit, and bought some respite for a while. Now with the asian economies on the mend, oil shortage is here. Having said that, I expect oil prices above $31 are mostly due to market manipulation just before the OPEC meeting, to force producers to open the spigot. 'round here the refinery just underwent an expansion...

To: GST who wrote (108144)	9/8/2000 10:37:01 PM
From: schrodingers_cat	Read Replies (1) \| Respond to of 164684

>..who would have thought that the "new economy" would fall victim to oil? I'm not sure it will. I agree that the oil situation is bad, but I don't think that a sudden spike in prices would take down the new econ. stocks right away, since these companies are not big users of energy. Only if it became apparent that the economy was in serious trouble would the new econ. stocks fall, even then, it would take a while for the denial to dissipate. So I will continue to hold my stocks, while watching the oil situation closely.