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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: dfloydr who wrote (82626)	12/26/2000 10:09:08 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 95453

Floyd, We have a nice mix of macro and micro views here, along with front line reports- a very valuable combination. I believe that we collectively anticipated the oil price rises and then the NG shortages. Energy stocks are like elephants- They do not turn turn on a dime. Now that the elephant herd is running full bore, the question is how long the good news will last...maybe that could be our focus here now , along with good macro input. Speaking of macro input, I bet we see a 50 basis point cut in the prime lending rate in January and then 150 -200 basis points total reduction in Year 2001.... That would suggest at least for tech stocks that their comparables will begin to look favorable and improve in the 3d quarter of 2001. I'm not sure how to factor that into energy stocks yet...We need Slider's and others' macro input....