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To: GST who wrote (108183)9/9/2000 6:26:40 PM
From: Eric Wells  Read Replies (2) | Respond to of 164684
 
My contribution, from time-to-time, is to say something alarming about a factor not otherwise well considered

GST - your alarming statements without data to back them up carry... well, they carry about as much weight as Thomas Bock's justification for his initial $1000 QXLC price target - that is, they don't carry much weight at all (apologies if I'm being a bit blunt here).

When someone shouts fire in a theatre, few are going to spend the time to look around to see if there actually is a fire - no, most will head to the exits first, and then take time to consider if there actually was a fire later, after safety is assured.

The market may crash on Monday - and so therefore, there may be little time to review data regarding the possible economic impact of recent oil price movements. But Monday morning is still some 39 hours away - plenty of time for us here to do a little reading to determine if there is some validity to the concerns you express. All I'm asking for is a little data to support your position that the lack of refining capacity is going to lead the US economy into a hard landing - specifically, it would be great to know from where you are gleaning information that there is a severe lack of refining capacity. You may not think it necessary to provide such data. But again, I'll remind you that we have no idea who you are, and whether you have knowledge or expertise to back up what you write. You could provide us all a lot more confidence if you acknowledged this much and provided some data to support your claims. Otherwise, you come off sounding like you expect that all of us should listen to you and follow your advice - that we should liquidate our portfolios to cash - based on a few short paragraphs that you have posted. Should I make decisions regarding distribution of my personal assets based on the few postings of an anonymous message board poster - the postings of which come of as no more than the sounding of an alarm without any supporting data? Were we in a theatre and you were shouting "fire!", I'd run for the exit. But we're not in a theatre. So I'm asking you "where's the fire?" - and requesting that you do me the favor of providing some proof that the fire is indeed where you claim it to be. You would agree, wouldn't you, that this would be a more prudent approach for me to take - rather than flying into a panic. Don't you? I mean, would you liquidate your portfolio based on the suggestion of an anonymous poster?

Thanks,
-Eric