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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (33012)	9/13/2000 8:26:35 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 50167

>>If the price of oil stays up to long these markets will be burned off like excess natural methane. Just what I've been expecting.<< I like your metaphor... that is a metaphor, isn't it...<g> you were right about these US markets, they do look down and dirty (except for one or two mini rallies along the way)..... excellent call!!! GZ

To: Chip McVickar who wrote (33012)	9/13/2000 8:34:40 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 50167

Hi Chip: With the price of crude oil one factor to consider it the strategic reserve. I would expect the current administration to now look at this. They have OPEC producing near current capacity and a release of 200,000 barrels a day would not be out of the question to help send the current administration out on a high note. While just speculation at this point the odds are increasing. Also expect liquidity issues this week. Estimated tax payments are this Friday. New week the gov't will be flush with funds for buybacks to add liquidity back. Tim