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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (560)	10/12/2000 4:43:49 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 8925

Yes, the market won't come out of this until everyone has religion I suppose. The hypothesis I have is that Energy prices have disabled this market for quite a long time to come. Even that brief drop in the price of Crude was too little, too late. Crude should not be 30, 40 dollars a barrel. That's pure politics. Expensive Oil is not good for anyone, not even the profit-hungry geeks that control it. What this shall do is energize the Alternative Energy groups once again and eventually leave Venezuela and the Sand People back in the Rock Garden from whence they came. I think the remark I once heard was "After the Stone Age there was no shortage of stones". After the Oil Age there may not be a shortage of oil. However with 30, 40 dollar a barrel oil there is going to be a severe economic shift. This should have a direct bearing on the future of the markets both Bond and Equity. I believe it will be a negative bearing. I do not look for any long term relief in the equity markets at all. I think the days of easy money by long term investing in Equities have passed us by for the moment. But then I'm one of those people who dumped almost all my Mutual Funds by early last summer, so I have a slight bias. Read your reply on the Qualcomm thread, by the way. I'm with you as far as the trading accounts are concerned. Been of a mind to swap out to T-Bills overnight since 1996 or thereabouts. I just do not think they quite understand what you are doing, as one fellow mentioned that you must "be doing very well trading Treasuries" (as I recall his remark). EDIT Oh, I see you have posted that you do not trade the instrument, just park the money there. I do not think that is going to be easily understood. Good luck with future confusion over there.