Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (59324)	9/23/2000 2:00:53 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Unless you want riots and demonstrations as they had in Europe in the last few weeks, yes, there is no emergency. If you want to avoid major market dislocations, cooling off the speculative fever in the crude pits and stemming (even if only temporarily) the decline of the Euro would justify government interventions. That is what the strategic reserve is for, buy at $10/barrel and sell at $30. The 30 MM barrels will have a minimal impactm on the resrves themselves, but they are the equivalent of a 1 MM daily increase in OPEC production for the next month or so. Since all of it is close to the local market, the impact might greater and might be the event that stop the rally in crudes in its track. Now, "Oil, Exploration and Oil services" can join the rest of the market next year in a massive decline (g). Zeev irrevolute.iuma.com