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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (76376)	5/2/2001 3:09:28 PM
From: t2	Respond to of 99985

Remember Y2K fears. Now we have Energy 2001 worries (E2K1). People feared a recession leading upto Y2K (economist Ed Yardeni). Instead we got a slowdown afterwards. Now the worry is about the energy crisis that looms this summer. They are taking action in multiple directions. So what happens? Slowdown ahead of the Energy 2001 but when the summer hits, the prices stay stable and then keep weakening, in effect stimulating the economy. Then it will be..."what crisis". Just a matter of too many people worried about energy and solutions being suggested that vary from new Fuelcell development, Nuclear, more drilling and so on.... OPEC gets concerned about Green movements such as the one in Japan in which government agencies will have buy clean fuel cars; Ford is issuing a report also. OPEC's days are numbered. If they had kept OIL at about $16 per barrell, they might have been able to sustain such prices longer. OPEC will be sorry for their price manipulation. Now it looks like we should be at $11 per barrell in 1 year. IMHO, it will be Y2K all over again (it is right now).