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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Terry D who wrote (3026)	4/6/2001 4:03:53 PM
From: Tommaso	Respond to of 23153

I guess the question for us who follow the stock markets closely is to what extent this "demand" will be a renewed demand to own equities, as it was in 1999. The only thing I know to do is to stay hedged by holding energy stocks, and especially natural gas royalty trusts. The latter's income is extremely high and if that income is perceived as sustainable, the stocks could go a lot higher. In the event of a loss of interest in all stocks, the income could preserve the value of these. The only thing that can knock them down is the addition of very large new sources of natural gas, and it looks to me as if that will take a while. Expensive projects are already being put in motion for LNG on the assumption of at least $5 NG. But in the event of continuing drastic disenchantment with equities, I am heavily hedged on the bear side of the general market. This is getting to be pretty hard work to figure this stuff out.