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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: trustmanic who wrote (1931)	11/14/2001 11:44:04 PM
From: Tommy D	Read Replies (1) \| Respond to of 11633

I agree George. Price of oil based upon expectation of production reduction or not by opec and non opec countries and psychology could dictate values for next short while but on the consumption side, economic slowdown coupled with reduced air travel and warm temperatures (ie. 15C in the prairies in mid November is incredible) make your prediction a good possibility. Wild card in short term is price shock from problems in Saudi Arabia or other mid east countries. If (or perhaps when) terrorist problem abates and interest rates kick in, North American economy will take off like a rocket which should ultimately be good for oil and gas and the trusts. Question is how long before the recovery kicks in and how long before terrorists issues disappear. I haven't been buying anything because I have no idea where the market will go. I could make a reasonable argument for a continuing rally based upon expected recovery 6 months out but can make an equally good argument that the recent market lows will be tested in the next couple of months as many companies will have very poor earnings short term and until job market picks up, the consumer may be absent from the retail market. Coupled with terrorist issues and busy work schedules, it is easier for me to sit on the fence but must admit the picket up my butt has hurt in the past week with the market rallying. Those that average down now are a lot braver than me. Regards TommyD