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To: pater tenebrarum who wrote (51683)12/27/2000 4:24:31 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
California has an overhang of poor regulation many years running -- prices will only drop there if there is significant building of plants, relaxation of env regs, increased interconnection, etc.

Regulation (which distorted capital investment -- i.e. the lack thereof or misguided investment) created the problems you are seeing now -- the problem is not piece-meal deregulation



To: pater tenebrarum who wrote (51683)12/27/2000 6:07:13 PM
From: marginmike  Read Replies (2) | Respond to of 436258
 
I heard somewhere that Cyclicals are the last stocks to RALYY in a dying bullmarket.


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