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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: jcky who wrote (19139)	3/12/2002 3:48:53 PM
From: John Pitera	Read Replies (1) \| Respond to of 23786

the Oil stocks were very strong in the summer of 1990 when most other stock sectors were doing poorly. It was tough to make sense of until August 2nd, when Iraq invaded Kuwait. then we had oil prices head up to $40 by Jan 1991, a war recession, and a weak market in Q3 and Q4 of 1990. Oil stocks are not necessarily saying we repeat mid-east turmoil, but if they keep going up like this for another week or two, it could mean a problem; which would mean a problem for global equity markets.