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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (3988)	11/15/2001 12:49:49 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

OPEC decides on NO production cuts biz.yahoo.com Bye bye $20/bbl crude oil. Hello $15 oil before year end. Gasoline prices going MUCH lower along with all the thousands of petrochemicals, fertilizers, buiilding materials, auto parts, plastics and synthetic fabrics that drive this economy. At first, everybody loves sharply lower prices we're seeing across the board and of course lower interest rates. But we're in a deflation and once the market celebrations is over it's going to get very nasty next year if not sooner for millions in the US and around the world. We are moving decisively into the 1st deflationary depression since the 1930s. Buy any 8 1/2% investment grade fixed income yet folks? Rates ain't gonna stay up there waitin' on ya much longer. TIC TOC. Isopatch