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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (88839)	1/25/2001 12:58:25 PM
From: Mark Adams	Respond to of 132070

I read yesterday that the 'crunch' in Heating oil has abated. Sometimes I wonder how much of the crunch was real and how much manufactured. Mfg by both the media creating a mild mass hysteria, and by the producers 'optimizing' their profits. But then I can be a suspicous dude at times. <g> I wouldn't go long NatGas futures at recent prices, if I actually played in that arena, but I don't see lower energy prices on the short term horizon. I see that Merrill Lynch upgraded PCG and EIX; both up nicely today. Considers them still a high risk play only for aggressive investors. I'll ditto that. That kitchen got too hot for me. Greenspan can be entertaining if you catch him at the right moments. Says history shows that fiscal policy is too slow to be used as a tool ward off a recession. Suggests bracket creep creates additional tax burden not specifically mandated by Congress.