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To: cheryl williamson who wrote (35454)	9/18/2000 5:46:52 PM
From: JC Jaros	Respond to of 64865

I think there'll be a made for TV event where either Al Gore or George W star as a world leader magically mitigating down the price of 'oil' like a super-hero (with the help of the villains behind the scenes). --- More significantly, I think the Fed (Uncle Al) is more than somewhat prepared to discount any inflationary effect 'oil' has on the indicies it uses to maintain monetary policy. --- So, any effect in the equities market IMO will be nearly altogether to do with investor psychology. --- But I could be... No. I think that's pretty much right. <g> -JCJ

To: cheryl williamson who wrote (35454)	9/19/2000 9:06:31 AM
From: JDN	Read Replies (1) \| Respond to of 64865

Dear Cheryl: I think everyone knows my opinion, but let me just add, that availability of oil not price is the important thing for the USA at least. Personally, I do not believe these current SPIKES in cost of oil will last (and I say that owning a nice chunk of oil trust investment)but there is ALWAYS the possability that some IRRATIONAL act could cause significant fluctuations in oil availability which would not be good for the markets. JDN