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To: Mark Fowler who wrote (5730)	3/18/2001 12:11:02 PM
From: Robert Rose	Respond to of 57684

<I understand the market could be expecting . 75, so i doubt if we get it.,. 50 seems about right to me. > i agree. and then it will be more blub, blub blub..... i just have to think that this extended downturn parallels the top of the bubble in reverse, and that, perhaps after next week? it can't get too much worse.... at any rate, the market is reminding me of a kewl book i'm reading: Ship of Gold (subtitled In the Deep Blue Sea). it's all about the Central America, sinking in 1857 with 1B in gold from the CA gold rush. In the late 1980's, using just emerging tech at that time, it is being reescavated (still haven't gotten to the part where they find the shiny stuff yet <g>.) at any rate, if this market is sinking into the deep blue sea, there awaits a ship of gold for those of us with the wherewithal to stomach that. ps. Great book!

To: Mark Fowler who wrote (5730)	3/18/2001 3:31:05 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 57684

I think we get 50 basis points this week. I don't think the OPEC cuts this week are meaningful for the stock market. My investment assumption is that OPEC's intent is keeping oil stable around $25. Inventories are being replenished and heating season is nearly over. Crude actually declined in price this week. After falling earlier in the week, crude oil firmed Friday on news OPEC agreed to cut output by more than the 1 million barrels the market had anticipated. Nymex crude closed at $26.74 a barrel, off $1.27 on the week. Commodities Corner, Barron's, March 19, 2001