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To: schrodingers_cat who wrote (133912)10/31/2001 3:13:51 AM
From: GST  Read Replies (2) | Respond to of 164684
 
Cat: Like everything else these days, it is a confusing picture and hard to draw conclusions -- but it sure looks like we are entering a downward spiral which is not obviously going to be eased in the immediate future by lower rates -- this terrorist overhang and the global recession combined with a jump in unemployment are not going to be easily reversed -- it may have been a rally fueled by "wishful thinking" about "looking across the valley" and all of that. But you have to be impressed by interest rates being so low -- and soon to go even lower.



To: schrodingers_cat who wrote (133912)10/31/2001 9:20:44 AM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<Only bright spot is energy, where it looks as if natural gas demand has returned. There is much less gas going into storage than there was back in May, and prices have rebounded some. >>

Many of the newer domestic gas wells are marginal producers and others are being depleted.


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