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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: techreports who wrote (31840)	9/18/2000 6:08:03 PM
From: TigerPaw	Respond to of 54805

severe down turns in the market during October of an election year? There was a severe fall in 1960, although it was mostly in September instead of October. 1992 had a poor September/October. TP

To: techreports who wrote (31840)	9/18/2000 6:15:31 PM
From: limtex	Read Replies (3) \| Respond to of 54805

We still are not sure that this is going to be a soft landing. Oil approaching $40. Oil is the great market crusher. Always was, always will be. Even if it is small to the US economy it is BIG to Europe, Japan, China, Korea just to name a few. Their economies will bust on a $40+ oil price and that will affect the US economy. Until we get serious about eliminating oil as an important fuel at least we will suffer from oil induced recessions. We are about to get another dose and this one will be nasty. Our good friend Saddam, who my guess is the greatest market short in history, will no doubt brew up some grief in the Gulf and "investors are worried about...." etc etc from the Kahuna and the team tomorrow and for the next few months. Oil is the mother of all red warnings to equity investment. My guess is that we are in for a month of misery lead this week by a couple of hum dingers of 250+ down days. If the NAZ dropped to 3200 with oil below $20 just imagine what it can slump with oil over $40. I guess it had to happen sooner or later. Funnily enough Q, SNDK and a couple of others having already been beaten up may be a good place to survive. But anything with a fancy P/E over 100 is dead meat or anything which loses money and might need financing. Wow Mr Greenspan finally looks like he will soon be content. Best regards, L